Encryption Software Market Increasing Demand, Growth Analysis, and Strategic Outlook

 The global encryption software market size is anticipated to reach USD 20.44 billion by 2026 according to a new research published by Polaris Market Research. The report “Encryption Software Market Share, Size, Trends, Industry Analysis Report By Deployment Model (On-Premise, Cloud-Based); By Application (File Encryption, Disk Encryption, Database Encryption, Cloud Encryption, Communication Encryption, Others); By Organization Size (Large Enterprises, Small and Medium Businesses); By End-User (BFSI, Healthcare, Aerospace and Defense, Government and Public Utilities, Retail, Others); By Regions, Segments & Forecast, 2019 – 2026” provides strong market indices and taps on future growth parameters.

 

In 2018, the BFSI segment dominated the global market in terms of revenue. North America was the leading contributor to global revenue in 2018. An urgency to protect critical data and growing number of data lapses has boosted the adoption of encryption software. The widespread growth of mobile devices and increasing trend of BYOD further support the growth of this market. The rising spread of virtualization, cloud and big data analytics has supported market growth over the years. Growing investments in technological advancements by vendors, coupled with growing demand for cloud-based encryption software would accelerate the growth of encryption software market during forecast period. However high costs related to advanced encryption solutions and an awareness shortage among small and medium enterprises hinder growth. Growing demand from developing economies and technological advancements are expected to provide several growth opportunities in the future.

 

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North America generated highest revenue for market in 2018 and is expected to lead the global market throughout forecast period. The increase in number of cyber-attacks and growing number of data breaches drive the market growth. A growing trend of BYOD, IoT, big data analytics and virtualization evinces the need of encryption software for data protection and data loss. A rising penetration of mobile devices and technological advancements bolster growth in the region. A greater spending on data protection in BFSI and defense sectors in the region promotes growth in the region.

 

A rushing request from emerging economies, expanding adoption of the software by BFSI sector and flooding demand for cloud-based encryption solutions are factors boosting growth of product during forecast period.

 

Enormous walks in strong innovation, data loss among enterprises has made encryption software very crucial for safe data transmissions. Furthermore, as undertakings are pushing forward with distributed computing, the product has become all the more important to prevent data slips by safeguarding touchy information.

 

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Asia Pacific is expected to display highest CAGR during forecast period owing to urging need for data integrity at all levels in the industries in developing countries of the region.

The companies include Microsoft Corporation, Symantec Corporation, IBM Corporation, EMC Corporation, CISCO Systems Inc., Intel Security, Check Point Software Technologies Ltd., Oracle Corporation, Trend Micro, Inc., and Sophos Group Plc. among others.

 

Bearings Market Increasing Demand, Growth Analysis, and Strategic Outlook

 The worldwide Bearings market is anticipated to reach around $193 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the ball bearings segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market in 2017.

There has been an increasing adoption of bearings across the world owing to the growing manufacturing industry. Also, the growing applications of bearings in heavy machinery, and increasing automation of manufacturing processes boost the adoption of the bearings market during the forecast period. Factors such as growth in the global manufacturing industry, increasing applications in diverse industries, and increasing use in automobile production stimulate the growth of the global bearings market. Other factors driving the growth of this market include growth in the global automotive industry, rising demand from the renewable energy sector, and increasing demand for light-weight bearings for various applications. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

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Asia-Pacific generated the highest revenue in the market in 2017. The increasing automation, use of heavy machinery in the manufacturing sector, and the established automotive industry drive the growth of bearing market in this region. The rising demand of motor vehicles from countries such as China, Japan, India, and South Korea, along with increasing requirement of light-weight bearing in automobiles boosts the adoption of bearings in the region. Increasing investments and technological advancements are expected to boost the adoption of bearings in the region during the forecast period. Increasing need to improve efficiency and productivity along with increased industrialization and automation further supplements the bearings market growth. The increasing applications of bearings in the renewable energy sector of Asia-Pacific are expected to accelerate the market growth during the forecast period.

The companies operating in bearings market include Schaeffler Group, Harbin Bearing Manufacturing Co., Ltd., NSK Global, The Timken Company, Rexnord Corporation, JTEKT Corporation, Brammer PLC, Federal Moghul Holding Corporation, NTN Corporation, and NKE AUSTRIA GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Industrial Microwave Heating Market Growth Factors Details, Trends, Comprehensive Research Including Top Companies

 The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 according to a new study by Polaris Market Research The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.

 

The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.

 

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Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.

 

China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.

 

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Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.

                                                     

Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others

 

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Electric Powertrain Market Increasing Demand, Growth Analysis, and Strategic Outlook

 The global electric powertrain market size is anticipated to reach USD 604.74 billion by 2026 according to a new study published by Polaris Market Research. The report “Electric Powertrain Market Size, Share, & Trend Analysis Report By Product Type (Battery Electric Vehicle (BEV) Powertrain, Mild Hybrid Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain); By Vehicle Type (Light Vehicles, Cars, Light Trucks); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Electric Powertrains are the recent trends in the automotive industry. The rising trend of adopting a low carbon environment in a singular approach to prevent global warming has heralded the era of electric vehicles (EV’s). Making the most of various energy forms available has led to the development of EV’s. Regulations in regard to Carbon dioxide emissions has been hauled up and redone in the U.S., China, and Japan and European constitutions. As a result, technology has been ramped up. Furthermore, consumers are already burdened by the inflating prices of oil which is reason enough to graduate towards

 

 

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An EV derives power from alternative source of energy such as battery in stark contrast to internal combustion vehicles that is driven by fossil fuels such as petrol or diesel. The EV powertrain includes the battery, electric motor and transmission which help generate power to drive the vehicle. The powertrains in any vehicle are considered to be the pivotal component of that vehicle and is identified by its engine and transmission. The power, comfort and safety define the performance quotient of the vehicle.

 

Currently gasoline vehicles score over diesel ones but are fast losing out because of high priced gasoline which is becoming dearer as compared to diesel oil. This is leading to manufacturers going in for hybrid powertrains to reduce reliance on fuel consumption.

 

EV’s are the future of the automotive industry as fossil fuels are slated to go extinct in the next few decades. Battery electric vehicles (BEV) powertrains are the most extensively used types in the present organizational make-up. A BEV is powered entirely by electric energy. Powertrains in plug-in hybrid electric vehicle (PHEV) take help in charging from wall-mounted power supply. The series hybrid powertrains are the least used in present industry scenario and in this type; it is designed with a single path for powering the wheels. This type of powertrain operates in many modes including engine only traction, electric only traction, hybrid traction, engine traction and battery charging.

 

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The Parallel hybrid powertrains occupy two parallel paths for powering the vehicle which is the electric path and the engine path. PHEV operates in five modes and has been gaining significant traction over the years.

 

The powertrains are an energy-efficient alternative in harmony with the environment. However, they do have limitations. Two most significant ones include lead emissions from the battery and energy storage issues. 

        

The U.S, Japan, China and South Korea account for major production and these countries constitute the new-age countries having promised multi-billion-dollar investments to develop new models. The market is mildly competitive and consolidated on account of various players in the electric powertrain market.

 

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The key players in electric powertrain market include AVL LIST GmbH, ARC CORE, ALTe Technologies, IET S.p.A, ATS Automation Tooling Systems, Inc., EptDyn, TM4, Jayem Automotives, BMW Motorrad International and AllCell Technologies LLC.

Microscope Market Regions, Type And Application, Industry Analysis And Forecast Till 2027

 According To A New Study Published By Polaris Market Research The Worldwide Microscope Market Is anticipated to reach USD 12,851.2 million by 2025. In 2017, the electron microscope segment dominated the global market, in terms of revenue, whereas Asia-Pacific accounted for the majority share in the global microscope market.

 

Several technological advancements in the fields of nanotechnology, semiconductors and life sciences have augmented the growth of the microscope industry. In addition, this has encouraged government bodies to invest in research and development; which in turn has led to an increase in research and development activities in companies, small laboratories and academic institutions. Companies and academic institutions are increasing collaborations for shared use of advanced laboratory equipment has further supplemented market growth. The other factors driving the market growth include lightweight and portability of certain microscopes production of robust, more accurate and relatively cheaper instruments, and widespread adoption of microscope use by manufacturers across various domains. Emerging market in developing countries and newer innovative fields of application provide numerous opportunities for growth.

 

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The major driver of the growth of the microscope market is the advancements in the field of nanotechnology. Various factors such as optimal energy consumption and its conservation, environmental preservation, and increasing industrial productivity and quality by optimizing operational efficacy have fuelled the growth of nanotechnology. Also, miniaturization in semiconductor and electronics industry and material science has boosted market growth. Furthermore, the extensive use of microscopes and technological advancements in the field of forensic sciences, pharmacology, cell biology, biophysics and microbiology among other life sciences has augmented market growth.

  

In view of increasing technological advancements and its benefits, there has been an increase in the research and development activities in companies, small laboratories and academic institutions. It has also encouraged the government bodies to increase funding of such research and development activities. Moreover, companies and academic institutions are collaborating in order to use advanced laboratory equipment, which in turn has also supplemented market growth.

 

The recent technological advancements in the manufacturing process of microscopes has led to the production of robust, more accurate and relatively cheaper instruments. In addition, certain microscopes are lightweight and portability in nature which has further contributed to the market growth. Furthermore, recent advancements in commercial applications of nanotechnology, life science and semiconductor manufacturing has led to a widespread adoption of microscope use by manufacturers across various domains.

 

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Asia-Pacific dominates the global market and is predicted to exhibit growth at the highest CAGR during the forecast period. This rapid growth is due to the swelling economic growth in countries such as China and Japan. Various factors governing the growth in this region include presence of major market players in this region, increasing government and rapidly increasing research and development activities. Furthermore, various technological advancements in the field of material and life sciences, and nanotechnology is further boosting the market growth.

 

The different types of microscopes include optical microscopes which is further categorized into inverted microscopes, stereomicroscopes, phase contrast microscopes, fluorescence microscopes, confocal scanning microscopes, near field scanning microscopes, other optical microscopes; electron microscope which is further categorized into transmission electron microscope which is further categorized into scanning electron microscope; scanning probe microscope; and others. The electron microscope segment is expected to dominate the market during the forecast period owing to technological advancements, in the fields of material and life sciences. Electron microscope segment is further sectioned into scanning electron microscope and transmission electron microscope.

 

The key market players profiled in the report include Nikon, Carl Zeiss AG, Leica Microsystems, Hitachi High Technologies, Bruker Corporation, NT-MDT Company, FEI Company, Jeol Ltd., Olympus Corporation, Asylum Research, Omax Corporation, Amscope, Celestron, Motic and Magnus Analytics. These market players have adopted various strategies such as such as new product release, novel technology development and collaboration among others to expand their foothold and increase their customer base.

Feed Acidifiers Market Regions, Type And Application, Industry Analysis And Forecast Till 2027

 The global feed acidifiers market is expected to reach more than USD 2.03 billion by 2026 with a CAGR of 4.5% during the forecast period as per a new study released by Polaris Market Research. The report “Feed Acidifiers Market By Product Type (Fumaric Acid, Formic Acid, Lactic Acid, Propionic Acid and Others) By Livestock (Swine, Poultry, Aquatics, Cattle & Others) By Regions & Segments Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends.

 

The stringent restrictions on antibiotic as usage on growth promoters and increase in demand for quality animal feed are the main drivers to drive the growth for feed acidifiers.

 

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The feed acidifiers such as various types of organic acids, essential oils can be used as a single product or it can also be used with two or more acidifiers to achieve quality result. Acidifiers can be defined as specified microorganism that improves the balance of pathogenic providing quality bacteria in the gut. These acidifiers are meant to be non-digestible oligosaccharides that serves as subtract for antibiotics and helps to compete with pathogens, which regulates the adhesion of gut cell. There is direct acting gut that modulates the microflora through growth inhibition.  There are many other product categories that has specific functionality. These categories prove to be an important component in animal feed. Specific acidifiers such as organic acids are widely used for weaning piglets. They are used at a time of transition from sucking milk to consuming solid food. They also help in improving the digestion of feed ingredients to avoid the bacterial growth. It is also used in food industry in the form of benzoic acid as preservatives. The usage in food industry has also added in the increase in the demand for acidifiers market.

 

Acidifiers that are based to feed certain non-digestible oligosaccharides helps to manipulates or control microbial composition. They help in maintaining a beneficial microflora that are one of the vital feed components. The primary function of the products is: control of the intestinal microflora, helps to reduce several pathogens and promotion of other beneficial microorganisms. These benefits of acidifiers are expected to be the major factors driving the market.

 

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Due to increase in the feed processors, Asia Pacific is predicted to be fastest market for feed acidifiers. The growing importance of meat processors and major shift in the demand for organic food products has been identified as important factors responsible for the regional growth

 

The major feed acidifiers companies are: Nutrex NV, Pancosma SA, Impextraco NV, Biomin Holding GmbH, Perstorp Holding AB, Novus International, Inc, Kemira OYJ, Kemin Industries, Inc., Yara International ASA, BASF SE, Cargil, Koninklijke DSM N.V, Novus International, Inc, Kemin Industries, Addcon, Beneo Group, Lallemand, Inc., Chr. Hansen Holding A/S

 

Eubiotics Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts

 The global eubiotics market is expected to reach more than USD 8.60 billion by 2026 with a CAGR of 5.6% during the forecast period as per a new study released by Polaris Market Research. The report “Eubiotics Market [By Ingredient Type (Prebiotics, Probiotics, Organic Acids, Essential Oil); By Functionality (Yield, Productivity, Immunity, Nutrition & Gut Health); By Application (Poultry, Cattle, Aquaculture, Swine); By Regions]: Market size & Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends.

 

Now-a-days there are many stringent regulations on the usage of antibiotic growth promoters. There has also been a pressure from consumer towards food safety, these two are the main drivers to drive the growth of eubiotics.

 

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The specific organic acid such as essential oil compounds, benzoic acid, probiotics and nucleotides can be used as a single product or can be combined with two or more eubiotics to achieve quality result. Prebiotics can be defined as a specific kind of micro-organism that helps to improve the balance of pathogenic to beneficial bacteria. Prebiotics comes under non-digestible oligosaccharides that serves subtract for probiotics and helps to compete with pathogens which helps to regulate` the gut cell adhesion.

 

Eubiotics are used for weaning piglets at the time of transition from suckling milk to feeding solid feed. This also helps in preventing bacteria growth and helps to improve digestion of feed ingredients. It is also used in the form of benzoic acid as preservatives. The usage in the food industry has also fueled the growth of eubiotics market.

 

There are many projects undertaken at the Pig Research Centre of the Danish Agriculture and Food Council on eubiotics. There are numerous tests taken to find the performance of eubiotics on animals. One project was undertaken where it was found that supplementation of 0.5% of benzoic acid is similar to the effect of the usage of1% benzoic acid. Piperin, an essential oil compound helps to stimulate the production of digestive enzymes. The above characteristics have led to the increase in the demand for eubiotics.

 

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Key Findings from the study suggest that the largest share of the eubiotics market in 2017 was of the Europe region. Europe was the first region to put a ban on use of antibiotics as growth promoters. Increasing concerns of animal safety and nutrition that eventually lead to components of processed meat for humans are the major concerns for the region’s ban on antibiotics. This ban created remarkable opportunities for the eubiotics which are the direct substitutes.   

 

The top key players in Eubiuotics market are Cargill, BASF SE,DSM N.V., Koninklijke, Kemin Industries, Novozymes, Addcon, Novus International Inc, Lallemand Inc, Chr. Hansen Holding A/S

 

Eclinical Solutions Market to Receive Overwhelming Hike in Revenues by 2027

According to a new study published by Polaris Market Research, the global eClinical solutions market is anticipated to reach over USD 12,985 million by 2026. In 2017, the CTMS segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global eClinical solutions market.

 

Government organizations across the globe have implemented stringent guidelines to obtain error-free authentic clinical data due to the burgeoning number of clinical data research. EClinical data software facilitates processing of real-time data entries. Moreover, the need to process massive amount of data in the least possible time increases the adoption of these solutions.

 

The governments of various countries across the globe have sanctioned funds to promote clinical research of novels drugs. Increase in incidence of diseases across the globe has enforced government agencies to expedite the process of drug approval. The adoption of clinical data management systems has increased in the recent years to process the queueing molecules in the development phase of clinical research.

 

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Technological advancements in eClinical software such as use of cloud computing to secure the data and improve accessibility across remote locations are expected to boost the market growth. Cloud based solution software dominated the global market in 2017, owing to the ease of delivery and convenience of upgrading to advanced versions. This segment has been gaining traction in the recent years, and is expected to grow at the fastest rate during the forecast period.

 

Several pharmaceutical organizations have deployed eClinical solution software to comply with the norms of the regulatory bodies for processing clinical data without errors and without any scope for manipulation. According to the ALCOA standard, the use of electronic clinical outcome assessments (eCOA) is essential in clinical trials, as these use smartphones, tablets, and personal computers to allow patients, clinicians, and their caregivers to directly report outcomes, which ensure highly productive data for better understanding of patient experience and faster approval process.

 

Among end users, the CROs segment is expected to grow at the fastest rate due to the ongoing trend of outsourcing clinical research operations to these third party organizations to save time and cost. As most of the drugs that have cleared Phase III clinical trials can be marketed under FDA norms with proper recommendations and guidelines through a new drug application (NDA), a majority of the drugs across the globe are in this phase of clinical research. Hence, most of the clinical data management systems were used for conducting phase III clinical trials.

 

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The key players profiled in the report are Oracle Corporation, Parexel International Corporation, Medidata Solution, Inc., DataTrak International, Inc., CRF Health, OmniComm Systems, BioClinica Inc., eResearch Technology, eClinical Solutions, Inc., and PHT Corporation. The prominent players operating in the industry have adopted various strategies such as mergers and acquisition, product innovation and expansion, and R&D of innovative products.

 

Dermatology Drugs Market Growth Factors, Regional Analysis, Applications, & Manufacturers and Forecasts

 Polaris Market Research assumes that with the expected launch of the potential promising therapies, the market is anticipated to expand in both psoriasis and atopic dermatitis segments. The Unites States accounts for the higher share of the market as compared to the Europe and Japan. The highest market size is due to the increased adoption of high priced biologics. Despite the launch and availability of multiple biologics, only 10% of the patients have access to these treatments and the market continues to remain underpenetrated.

 

“Dermatology Drugs Market Size to Reach $20 Billion by 2016”

 

Currently, the dermatology drugs market is highly fragmented but offer several commercial opportunities. There remains significant unmet need for safer and cost-effective treatment options. Psoriasis market was nearly USD 6 billion markets in 2016 due to the existing effective TNF alpha treatments. In Acne, retinoids and antibiotics are the mainstay treatments but what makes this indication lucrative is the promising candidates in the pipeline including Foamix’s FMX-101 and Dermira’s DRM-101.

 

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Polaris Market Research has provided the forecasts of the Global Dermatology Drugs Market from 2016-2022. The major segments which has been investigated in the global market from 2016-2022 are:

• Market Analysis by Dermatology Key Indications
• Market Analysis by Treatment Class/Marketed Drugs
• Market Analysis by Regions

 

The Marketed Therapies undertaken in forecast from 2016-2022 are:

• etanercept; Enbrel
• infliximab; Remicade
• adalimumab; Humira
• ustekinumab; Stelara
• secukinumab; Cosentyx
• ixekizumab; Taltz
• golimumab; Simponi
• brodalumab; Siliq
• guselkamab; Tremfya
• Topical Drugs
• Oral Antibiotics

 

The Major Indications in Dermatology Therapy area:

• Atopic Dermatitis
• Psoriasis
• Acne
• Rosacea

 

Leading Companies investigated in the Report are:

• Allergan Plc
• Valeant Pharmaceuticals
• Dermira Inc
• Aclaris Therapeutics, Inc
• AnaptysBio, Inc
• Revance Therapeutics
• Foamix Pharmaceuticals
• Novan, Inc
• Sienna Biopharmaceuticals
• Pfizer
• Sanofi
• Galderma
• Leo Pharma
• Roviant Sciences
• Otsuka Pharmaceuticals

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Electric Transporter Market to Receive Overwhelming Hike in Revenues by 2027

 The Global Electric Transporters Market Is Anticipated To Reach USD 69.5 Billion By 2026 According To A new study published by Polaris Market Research. Electric transporters that include all types of e-vehicles are the primary trend within the automobile industry. These products boost the energy efficiency, require no direct fuel combustion and rely completely on the most diversified energy source carrier (electricity) which contributes to a wide range of transport policy goals. Increasing use of electric transporters will lead to energy security, rising quality of air, lesser noise pollution, lesser emission of greenhouse gases in concert with low-carbon power generation mix.

 

Moreover, as e-vehicles are the trending innovating clusters in the automotive sector, these products have substantial potential to enhance industrial and economic competitiveness, hence attracting investments wherever major markets can be developed in the near future. Significant industry uptake of this segment of automobiles has occurred in the recent years. On- going commitments and support for further development of electric transporters from the automotive industry and policy makers suggest that the trend of EV will not abate in the next decade.

 

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The increasing sales volumes of electric transporters along with the growing competition in the development of noble technologies are most likely to contribute continuous reduction in manufacturing cost of batteries, which is the most primary cost component of e-transporters. These costs cutting EV technologies have further strengthen their competitiveness compared with the internal combustion engines. This reinforces the case for road e-vehicles that are continuously occupying an expanding market share and perhaps a leading role in the evolution of transportation across all modes.

 

The global industry is recently influenced by some of the major developments in the European Union, China, the U.S. and the India. In 2017, the EU, China and India that together accounted for roughly 60% of the worldwide LDV market proposed and later implemented significant changes in policies that are likely to accelerate the phase of e-transporters and share their deployment in a global scale. On the flip side of it, recently announced policies on the rollback of federal regulations on the fuel economy of cars in the U.S. are anticipated to have negative influence on the uptake of electric cars.

 

Asia Pacific was the leading regional market in 2017, with China accounting for the major share. In 2017 September, the Chinese government issued a newly framed energy vehicle credit mandate that took effect in 2018. This mandate sets a new and minimum benchmark for the production of electric transporters with some flexibility offered through credit trading mechanism. The country has emerged as the major hub for production of these products not only because of its supporting policy framework but also for its low cost production rates. Reflecting the cost difference in battery cost electric vehicles in the country are much less expensive. Application of lead acid batteries leads to an estimated cost of USD 167 of an electric bike in the country. On the contrary, these products cost at an average of USD 815 in the U.S. and an average cost of USD 1,546 in the Western Europe countries, which reflects to the different choices in the battery chemistry.

 

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Some of the industry participants include F-wheel DYU, Fuji-Ta, Baidu, Airwheel, Goldenwheel, Robstep, Hybike, Bafang (8FUN) Motor, Geoby, Guewer, Benelli, BMW Bicycles, BH, ECO Movement, Electric Bike Plus, Fully Charged, Mahindra GenZe and Kalkhoff.

 

Electric Traction Motor Market Incredible Possibilities, Growth Analysis And Forecast To 2027

 The global electric traction motors market is anticipated to reach USD 31.5 billion by 2026 according to a new study published by Polaris Market Research.

 

Electric traction motors are the most common means for powering locomotive engines in the currently developed railway industry, but with the growing need for sustainable use of energy, the advent of the application of traction motors has added to an efficient use and distribution of energy in the industry. Electric traction motors are widely being used across several geographies particularly for the routes with dense traffic such as the suburban and urban railways or the long distance high speed lines that require electric traction to obtain the speeds required for inter-city travel. This equipment cut down energy losses to an estimated figure of approximately 15% with an assumption of energy at wheel of 100%. With application of new traction chain, energy inputs in locomotives decrease from 167% to around 143% under the similar assumptions. Application of electric traction motors in railway engines result in cut in energy loss wherein for transformers it reduces from 10.3% to 7%, converters from 18.1% to 4.7%, gearbox and motor from 18.2% to 12.2%, vehicle parking 7.6% 8.4% (higher percentage value due to reduced total loses) and power house & auxiliary systems from 12.4% to 9.9%.

 

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DC traction motors were conventionally the moist used types on both electric and diesel-electric rolling stock, however the contemporary power electronics has enabled application of AC motors. For most of the new engines built today, AC motor is the most preferred type. AC motors have certain advantages such as its simple for manufacturing as this type requires no mechanical contracts for its functioning, lighter compared to DC motors for equivalent amount of power. Use of modern and advanced electronics allows the AC units to be controlled efficiently to improve traction and adhesion. It can be controlled with microprocessors to a specific degree which also helps in regenerating current down to almost a stop whereas DC regeneration fades quickly at low speeds. Moreover, AC motors are more robust and easier to maintain than DC motors. These products are also being used in electric vehicles, conveyors and industrial machinery in the present industry space. It automobiles too, more than DC the AC motors has the larger share of application.

  

Asia Pacific region is expected to be the fastest growing market for production of electric traction motors over the forecast period from 2018 to 2026. Development of the industrial equipment manufacturing industry in India, Japan and especially China with its massive domestic demand figures is the major driving factors for the regions fast increasing consumption of these products in the railway engine manufacturing industry.

 

The worldwide demand for freight and passenger rail equipment including its infrastructure and related services in 2016 was estimated USD 214 billion in 2016. The increasing network of railways globally is a major factor to contribute to the increasing demand of rail equipment including the electric traction motors.

 

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The Western Europe has been dominating the global market for production of these products and also in terms of exports, followed by the Asia Pacific and the U.S. in the third position. But the increasing subways and urban light railway systems and yearly increasing investment in intercity high-speed rail lines in Asia Pacific countries due to need from its growing population, manufacturing industry of these products in the region is likely to witness the fastest growth in the next eight years. Some of the leading industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General Electric (GE), CG Power, Bosch, Siemen, Traktionssysteme Austria, Alsto and Crr.

 

Car t cell therapy Market Incredible Possibilities, Growth Analysis And Forecast To 2027

The report “CAR-T Cell Therapy Market Share, Size, Trends, Industry Analysis Report By Target Antigen (CD19/CD22, BCMA, Others); By Indication (Diffuse Large B-Cell Lymphoma (DLBCL), Acute Lymphoblastic Leukemia (ALL), Chronic Lymphocytic Leukemia (CLL), Multiple Myeloma (MM), Follicular Lymphoma (FL), Others); By Regions: Segment Forecast, 2020 – 2026” provides deep dive insights on the current market dynamics and gives a detailed analysis on future growth trends of this market. The global CAR-T Cell Therapy market size is expected to reach USD 8.92 billion by 2026 growing at a CAGR of 34.5% from 2020 to 2026 according to a new study published by Polaris Market Research

This market report focuses on CAR-T which is one of the most innovative therapy available in the market which uses the patients’ immune cells to fight cancer. The WBCs (white blood cells) are extracted – reengineered – injected again into the patient body to fight the malignant cells. This novel therapy has joined the bandwagon of the cancer cure treatments and it is expected to be one the sought-after therapies in the market. Majority of the companies have already started investing in them to gain a better market share in this industry.   

 

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Some major key players in global CAR-T Cell Therapy Market includes Bluebird Bio (US), Celgene Corporation (US), Gilead Sciences, Inc. (US), Cellectis (France), Servier Laboratories (France), Pfizer Inc. (US), Mereck KGaA (Germany), Amgen Inc. (US), Intellia Therapeutics (US), Novartis International AG (Swiss), Caribou Biosciences, Inc. (US), Celyad (Belgium), Bellicum Pharmaceuticals, Inc. (US), Noile-Immune Biotech (Japan), Nanjing Legend Biotechnology Co., Ltd. (China), Johnson & Johnson (US), Sangamo Therapeutics, Inc. (US) among others.

 

 

According to the analysis by Polaris Market Research, the potential of the market is ~ $9 billion by 2026, with major focus on Diffuse Large B-Cell Lymphoma (DLBCL) indication in 2020-21. However, it is expected that the market would also start focusing on Multiple Myeloma (MM) indication and the market for the same is expected to grow at a compounded annual growth rate of more than 80% from 2020 to 2026.

 

It is estimated that U.S. is one of the major markets for CAR-T Cell Therapy due to continuous R&D happening in this region also backed by ongoing regulatory approvals of the new therapies. Along with the new therapy developments, companies are also focusing on establishing centers for cancer awareness and how this novel therapy would help in cancer treatment. This would help the market to grow in this region. The European region is also expected to closely follow by U.S. wherein European Medicine Agencies (EMA) have approved Kymriah and Yescarta which is expected to push the market for further growth in this region. However, the market for Asia Pacific is at its early stages wherein Ministry of Health, Labor and Welfare (MHLW) of Japan is the first regulatory authority to approve Kymriah in APAC.

 

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It can be seen that the business scenario of the market is dynamic and major companies are competing with each other to increase their market share in the major geographies of U.S. and Europe. For example, Novartis and Gilead came-up with 33 and 28 authorized centers respectively in U.S. Some of the major companies in this space such as Celgene are expected to file for FDA approvals for two more CAR-Ts lisocabtagene maraleucel in lymphoma and bb2121 (idecabtagene vicleucel) in myeloma.

 

Along with opening new centers and acquiring necessary government approvals, the companies are also focusing on partnerships, acquisitions and mergers. For instance, Celgene acquired Juno Therapeutics in November 2018 for approximately $9 billion in 2018 and further Bristol-Myers Squibb completed its acquisition of Celgene in November 2019.

 

Read More : https://www.medgadget.com/2020/02/car-t-cell-therapy-market-worth-8-92-billion-by-2026-cagr-34-5-polaris-market-research.html