Monday, 19 March 2018

Europe Fuel Card Market,Size And Forecast And Trend Analysis, 2014 - 2024

The Europe fuel card market is expected to reach USD 264.95 billion by 2024 owing to the rising demand for cashless transactions, and availability of add-on benefits. The evolution of technologies in the payment industry has made people more inclined towards smart payment options which ensures a track on their spending as well securely. This increased need for safe and reliable digital payment is expected to drive the fuel card industry in Europe over the next few years.
Fleet managers have been looking for viable real-time solutions to ensure appropriate tracked spending. The fuel cards not only provide with the discounts and rebate but it also comes with online reporting tools which provide fleet managers with in-depth data as to where their fuel card has been used, who used it and for what purpose. Managers also can limit the fuel card spending real time.

The loyalty program provides drivers with fuel points on their purchase. It also has different advantages such discounts on non-fuel items, offers, and gifts. Thus, is expected to boost the fuel card industry.
Fuel cards prevent theft; hence, they help fleet managers reduce unaccounted spending. A fuel card is accessed using the secured pin and driver is obliged to show his identity proof while using. Thus, it helps prevention of theft in employees and is expected to drive the fuel card industry in the near future.
The universal card has penetrated the European market and fleet managers are inclined to use it due to the various benefits it offers. Branded cards from the oil companies such as ESSO, BP, and Shell are widely used and hold second largest market share in the forecast period.
The light weight vehicle is the ones who are major users of fuel cards. However, the heavy vehicles segment is expected to grow over the forecast period owing to the increasing commercial transport.
The UK was the largest and is likely to be the fastest growing market with a CAGR of 20.7% over the forecast period. Germany will see a steady growth during the forecast period. Many big players are opting for merger and acquisition to expand their presence in the region. For instance, international players such WEX and FLEETCOR have entered into Europe by taking over ExxonMobil and Shell respectively.
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Hexa Research has segmented the Europe Fuel Card market on the basis of type and conveyance on a regional and country level:
Segmentation By Type, 2014 - 2024 (USD Million)
• Universal card
• Branded/Proprietary card
• Merchant card/Bank card
Segmentation By Conveyance, 2014 - 2024 (USD Million)
• Light weight
• Heavy weight
Segmentation By Country, 2014 - 2024 (USD Million)
• Germany
• UK
• Italy
• France
• Spain
Key Players Analyzed
• UK Fuels Limited
• W.A.G. Payment Solutions, a.s.

Wednesday, 21 February 2018

Asia-Pacific Air Filtration Market to cross USD 6.6 billion by 2024

The Asia-Pacific air filtration market stood at more than USD 3.4 billion in 2015. It is estimated to grow at a CAGR surpassing 8.6% over the forecast period (2016-2024). The market is anticipated to cross USD 6.6 billion by 2024. A rise in the number of gas-fueled power plants, coal, cement, and metal industries leads to increased pollution. This is a key factor that will fuel this market.
Innovation in the Asia-Pacific air filtration market would encourage new product development, reduced operating costs, compliance with quality standards, and energy conservation. These factors together will stimulate market demand. Increasing research & development investments besides new technological developments will support further growth

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Ongoing developments in air filtration technology have improved air quality and minimized energy consumption. Advancements in nanotechnology, non-woven technology, and in raw materials like small fibers are expected to contribute significantly to this market.
However, the initial installation costs of air filters, along with added attachments & other technologies can increase the overall product cost. This could hinder industry growth, since purchasing decisions are largely dependent on the overall cost of the product. 
The Asia-Pacific air filtration market is segmented into applications, products, technologies, and regions. On the basis of applications, the market is fragmented into pharmaceuticals, metals, power, food, and cement. The power segment can expand at a CAGR of about 10% during the forecast period. The can be attributed to advancements in nuclear power generation and defense. Rigid environmental norms require that the air be free of radioactive pollutants. This intern will positively impact market demand in the forthcoming years.
The food segment is likely to witness considerable growth owing to stringent regulations imposed on food manufacturing units. The focus of food manufacturers on high-quality filtered air for better hygiene and safety will drive the Asia-Pacific air filtration industry.
Products include automotive, residential, and industrial. In 2015, automotive air filtration dominated the market with over 55% of the total revenue shares. It would grow at a CAGR of about 8% during the forecast period. The growing need for replacing these air filters on a regular basis will support industrial growth.
Growing at more than 9.4% CAGR, the industrial segment will hold a share of nearly 27% in the Asia-Pacific air filtration market. This segment is sub-divided into high-efficiency particulate air (HEPA) filters, dust, baghouse filters, CCF, dust collectors, and mist collectors. Mist collectors can witness substantial growth owing to their demand in metal processing and in the food & beverage (f&b) industry.
Based on technologies, this market is categorized into electrostatic precipitators, baghouse filters, nitrogen control systems, fabric filters, scrubbers, flue gas desulphurization systems, and mercury control systems. Baghouse filters will expand robustly due to widespread application in mining, coal-fired plants, and cement industries.
Regions encompass South Thailand, Australia, China, India, Malaysia, Japan, Korea, and Indonesia. China will continue to lead the Asia Pacific market and will grow at a 9% CAGR during the forecast period.
Key players in the Asia-Pacific air filtration industry are Windsor Wire LLC, Cummins, Mahle, and MANN+HUMMEL group. Participants actively participate in mergers & acquisitions to expand and gain an edge over the consolidated market.

Thursday, 8 February 2018

Demand for safety needles greater than non-safety ones

The global hypodermic needle market to reach USD 4,238.9 billion by 2024. Implementation of stringent legislation to reduce needlestick injury and increasing awareness related to safety needles among the healthcare provider is expected to drive the hypodermic needle market over the forecast period. Furthermore, increasing awareness of the regular immunizations coupled with increasing preference for regular health check-ups will further escalate the demand for hypodermic needles over the forecast period.
Moreover, rising geriatric population, increasing prevalence of diabetes, improving healthcare hygienic sample withdrawal practices in emerging economies such India, China, and Brazil is projected to propel the demand for hypodermic needle over the forecast period. However, the high cost of automated safety needles and the introduction of needleless delivery mechanisms might restrain the market growth in the forecast period.

Worldwide, needlestick injuries are the primary concern for healthcare providers. In the U.S., every year, approximately, 8 to 10 lac needlestick injuries occur to healthcare workers, and about 1000 of them get contacted with infectious diseases, and 500 to 600 die each year due to these type of injuries. The cost of needlestick injury follow-up in the U.S. per incident is approximately USD 3,000, and around USD 3 billion is spent annually in the U.S. on needlestick injuries. Hence, the increasing occurrence of these type of injuries results in the development of improved and effective safety needles.
Safety engineered devices (SEDs) are categorized into passive and active devices. Passive needles are highly preferred over conventional needles owing to its advantages such as user-friendliness and others. Also, with the implementation of the regulations promoting the use of safety hypodermic needles will further enhance the acceptance of these needles over the forecast period. For instance, World Health Organization (WHO) encourages injection safety worldwide through the Safe Injection Global Network (SIGN).
Exposure to needlestick injuries may cause severe blood-borne diseases such as HIV and Hepatitis. Owing to the increasing occurrence of needlestick injuries, healthcare providers are shifting towards the use of safety hypodermic needles. Furthermore, manufacturers are focusing on developing needles and syringes safety-engineered mechanisms to avoid any injuries. For instance, BD has developed SafetyGlide, Vacutainer Eclipse blood collection needle, and VanishPoint blood collection safety needle. Hence, increasing focus on the development of advanced engineered mechanisms about the needles performance and efficiency will further drive the growth.
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Hexa Research has segmented the global hypodermic needle market based on type, end-use and region:
Segmentation by product type, 2014 - 2024 (USD Million)
• Safety Needle
• Non-safety Needle
Segmentation by end-user, 2014 - 2024 (USD Million)
• Hospitals & Clinic
• Diagnostic Lab
• Homecare
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
Key players analyzed:
• Becton, Dickinson, and Company
• Medtronic
• Retractable Technologies

Tuesday, 23 January 2018

High-Brightness LED Market Size Worth USD 27.28 Billion By 2024

The global high-brightness LED market size to reach USD 27.28 billion by 2024 and is driven by the rise in the consumer need for resource efficient and low energy lighting solutions. The market was dominated by North America and the Asia Pacific together accounting for 62% of the revenue share in 2016.
High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more brightness to improve clarity is expected to augment the growth of the market over the projected period.
Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.
Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.
Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.
As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.
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Hexa Research has segmented the global high-brightness LED market based on application and region:
Segmentation by application, 2014 - 2024 (USD Million)
• Consumer Electronic
• General Lighting
• Automotive
• Signals and Signage
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Europe
Asia Pacific
• Rest of the World (RoW)
Key players analyzed:
• Lumileds Holding B.V.
• Epistar Corporation
• Cree, Inc.
• MORITEX Corporation
• Samsung Electronics

Thursday, 18 January 2018

Library Management Software Market Worth USD 2.80 Billion By 2024

The global library management software market is expected to reach USD 2.80 billion by 2024. Emerging trend automating library functions is expected to be one of the key driving factors of the market. In 2016, North American dominated the global market contributing to 40.5% of the market share pertaining to the increasing number of online libraries along with corporates. Asia Pacific is expected to grow at the fastest CAGR over the forecast period pertaining to the increasing awareness of education in the region.
In compliance with the driving factors, companies are focusing on software development as well as mergers and acquisitions to expand their presence in global market. For instance, in October 2015, ProQuest successfully acquired Ex Libris to provide new solutions that will help libraries to seize the opportunities in rapidly changing technology. This strategy has been helpful to both libraries and the company’s financial position on accounts of profound investments in research and libraries.
Cloud-based library solutions dominated the global library software market in 2016 and are expected to maintain its position over the forecast period. Furthermore, the cloud-based software was extensively used owing to several benefits like multi lingual articles, multiple format support and easy access. Furthermore, steady demand for on-premises solutions on account of several benefits including user comfort, pleasant surrounding along with rising footfall of students is expected to upsurge the progression of the market. This segment is expected to grow at CAGR of 2.7% over the projection period
The lucrative growth of library management software market primarily driven by increasing tangible stock which is also likely to be favored by easy access and use through smartphones or any other online platforms. These factors are expected to result in a noticeable growth of the global library management software market over the next forecast period.
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Hexa Research has segmented the global library management software market based on deployment, end-use, and region:
Segmentation by deployment, 2014 - 2024 (USD Million)

• Cloud-based
• On-premises
Segmentation by end-use, 2014 - 2024 (USD Million)

• School Library
• Public Library
• Academic Library
• Others
Segmentation by region, 2014 - 2024 (USD Million)

• North America
• Europe
Asia Pacific
 • Central & South America
Key players analyzed

• Civica Pty Limited
• ProQuest
• Innovative Interfaces, Inc.
• SirsiDynix
• Book Systems Inc

Thursday, 11 January 2018

Antibacterial glass is used as screens consumer electronics such as smartphones, tablets, and laptops

The global antibacterial glass market size was USD 160 million in 2015 and it is expected to go beyond USD 270 million by 2024. Growing number of Hospital Acquired Infections (HAIs) is said to spur the demand during the forecast period (from 2016 to 2024). Growing demands for antimicrobial coatings along with the rapid technological improvements is projected to positively impact the market growth.

However, strict rules & regulations about the antimicrobial coatings production are said to negatively affect the demand over the next few years. On the other hand, the extensive product implementations in different consumer electronics like phablets, tablets, etc. are expected to fuel the revenue. The global market is divided into applications and regions.

The applications sector of the antibacterial glass market comprises food & beverages, hospitals, military equipment, and residential /household. The hospital sector is anticipated to be the leading sector over the estimated years. The sector is expected to grow at a CAGR of over 7 % over the forecast period. This can be attributed to the rising product implementations in isolation rooms including oncology units, burn units, and hematology units as these dedicated critical facilities need 100 % germ-free environment and significant sanitation.

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The food & beverages sector is said to witness huge growth prospects growing at a CAGR of over 7 % during the estimated years. Major usage of these products for storing and packaging the food and beverage products is said to boost the growth. In addition to this, the increasing installations in restaurants, canteens, food displays etc. are also likely to push the market growth.
The North American antibacterial glass market is expected to grow at a CAGR of over 7 % during the forecast period due to rapidly growing hospitals sector. The Europe region is said to be the lucrative and dominant regional market during the next eight years. Plus, the presence of major global product manufacturers in the region is likely to positively impact the growth.
Some of the companies in the market are Corning Inc.; AGC Glass Europe; Glas Trosch Holding A. G.; Nippon Sheet Glass Co. Ltd. (NSG); Vetraria Bergamasca Tecnovetro Srl. (VBT); and Saint-Gobain S. A.

Wednesday, 10 January 2018

Rising cataract surgeries due to growing geriatric population will augur well for laser crystal market

The global laser crystal market is expected to reach USD 163.1 million by 2024, driven by rising adoption of several applications such as consumer electronics, manufacturing, healthcare, and defense. Augmenting utilization of crystals in cinematography, metrology, data storage, communications, displays, spectroscopy, microscopy, and for generation of electricity using high-power laser technologies are expected to drive the market growth.

The laser crystal market is projected to grow at a CAGR of 3% from 2017 to 2024. North America was the largest market in 2016 owing to the increasing use of laser systems primarily across defense and healthcare sectors.
Rising investment in security sector by the anticipated fostering the growth of the market in North America. As per National Defense Authorization Act (NDAA), around USD 328 million will be spent on developing and procuring laser weapon in 2017, which increased to 51% compared to the previous year.
In medical, increasing adaptation of non-invasive surgical procedures such as kidney stone removal, spine surgery, and diabetic retinopathy is expected to augment the growth of the market. According to Laser Spine Institute, 400,000 people in the U.S. undergo spine surgery each year. Crystals are used in cosmetic laser surgical devices. In the area of cosmetics, lasers are used to remove pigmented birthmarks without a scar or change in texture.
Rising number of laser cataract surgeries is expected to drive the market growth during the forecast period. In the U.S., approximately 9,000 ophthalmologists perform cataract surgery regularly. In these surgeries, a laser is employed to access the cataract site and create a cut on the lens capsule.
Majority of the market players are focusing on investing in research and development to increase the efficiency of lasers. For Instance, in July 2015, Northrop Grumman's SYNOPTICS introduced new material titanium-doped sapphire (Ti: Sapphire) for short-pulsed laser devices. In addition, companies are adopting the strategy of merger & acquisition to expand product portfolio or to serve new markets. In June 2016, Scientific Materials Corp. acquired Armasight, Inc. to serve military markets and outdoor sporting.
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Hexa Research has segmented the global laser crystal market based on Type , Application and region:
Segmentation by Type, 2014 - 2024 (USD Million)
• Ti: Sapphire Laser Crystals
• Nd: YAG Laser Crystals
• Nd: YVO4 Laser Crystals
• Yb: KGW Laser Crystals
• Yb: KYW Laser Crystals
Segmentation by Application, 2014 - 2024 (USD Million)
• High-intensity laser platforms
• Optical components
• Healthcare
• Military 
• Others
Segmentation by Region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America
Key Players Analyzed
• Northrop Grumman Corporation
• Scientific Materials Corp.
• FEE GmbH
• Laser Materials Corporation
• Beijing Opto-Electronics Technology, Co. Ltd.