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INS Vikramaditya the First Indian Aircraft Carrier to Get Operational by the End of January 2023
INS Vikramaditya, India’s first aircraft carrier is going to join the Karwar Naval base by the end of January 2023. Prime Minister Narendra Modi is going to address in March the Combined Commanders Conference, where the hulk of battleship will be the center of attention. Sea trials will begin soon along with that for INS Vikrant, its successor leaving an impact in the Indo-Pacific waters. INS Vikramaditya is weaponized with Russian MiG-29K fighters onboard.
As for INS Vikrant, a landing of maritime LCA and test case scenario is also being considered this year. With US F-18 and French Rafale-M, a decision to bring forth 8 trainers and 26 maritime strike fighters for INS Vikrant will also take place. The Indian Navi submitted to the Defence Ministry the trial reports for the two operational aircraft carriers. The Modi government will assess the performance of the battleships and then finalize its call.
Both the carriers will remain on the western coast of India until the huge war machines find a place on a jetty at the eastern seaboard of Vishakhapatnam. But the aircraft carriers may be accommodated on a jetty at Kattupalli Port in north Chennai as the Indian Navy is planning to lease it with another jetty at Campbell Bay of Andaman and Nicobar Islands. INS Vikramaditya and INS Vikrant will empower Indian national security.
Plans are in motion as the strike forces will go well beyond the Arabian Sea and the Bay of Bengal to India-Pacific and even further. The Indian Ocean could be patrolled by three aircraft carriers of Chinese Navi by 2025, the two war machines will play in defense and deepen cooperation with PLA Navy and other major naval giants in the region.
The Indian Ocean is already being mapped by the PLA strategic surveillance vessels including the five ingress straits and 90-degree ridge to South China for maritime operations in the future. India has also been offered by Beijing naval cooperation for the littoral states surrounding the Indian Ocean. They have a proposal to gift the country off-shore patrol vessels the same that was offered to Seychelles. INS Vikramaditya and INS Vikrant will help India to secure the eastern seaboard from Africa to the Australian west coast.
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Thermoplastic Elastomers Market: Top 3 Industrial Applications
According to UNEP, energy accounts for approximately 60%of global greenhouse gas emissions, making energy efficiency a top priority across various industries. In this context, thermoplastic elastomers (TPEs) have emerged as a viable solution, reducing energy consumption by nearly 75%. They have gained recognition among product developers and designers as an advanced alternative to thermoset elastomers. Triton’s estimates suggest that the global thermoplastic elastomers market is expected to grow at a CAGR of 6.37% in revenue and 2.61% in volume during 2023-2030.
Another significant factor is the increasing trend of 3D printing. Due to their durable, flexible, chemically resistant, and user-friendly properties, TPEs serve as filaments in additive manufacturing methods like selective laser sintering (SLS) and fused deposition modeling (FDM). For instance, renowned companies such as New Balance, Under Armour, and Nike have adopted thermoplastic polyurethane-based 3D printing for robust and flexible midsoles.
In this blog, we’ll explore the wide-ranging applications of TPEs and their significant presence in the top three industries.
· Automotive:
In terms of industrial vertical, automotive leads with $9325.51 million
These high-performance polymers have gained significant traction in the automotive industry. Polystyrene TPE, for example, is used in multiple auto parts like instrument panels, wheel covers, dashboard elements, pillar trims, door liners, seat belt components, etc. These plastics, unlike metals, are cost-effective and improve vehicle energy efficiency by reducing weight.
Moreover, their lightweight quality boosts vehicle fuel efficiency, with a 10% weight reduction translating to 5-7% lower fuel consumption. This has prompted TPE manufacturers like Covestro AG to introduce new production lines for high-performance thermoplastic polyurethanes to produce paint production films.
Regional Focus: Asia-Pacific set to be the fastest-growing region at 6.46%
Asia-Pacific is the world’s largest automotive producer, with China, India, Japan, and Indonesia leading the way. Nations like India and Indonesia are attracting investments in locomotive and high-speed rail manufacturing, further bolstering the demand for TPE in the region. Additionally, China is actively boosting production, aiming for 7 million annually by 2025, constituting 20% of total new car production. This surge in EV production is set to drive demand for polyurethane and polystyrene in automotive applications, driving the Asia-Pacific thermoplastic elastomers market.
· Electrical & Electronics:
Thermoplastic elastomers are preferred for electrical insulation due to their strength, flexibility, and resistance to corrosive substances like acids. Besides this, TPE composites, including polycarbonate, enhance impact and flame resistance in electronic devices and household appliances. Given these benefits, several companies have entered into partnerships or acquisitions to expand their footing. For example,
- Arkema SA acquired Polytec PT in May 2023 to expand offerings and serve the electronics sector.
- Avient Corporation collaborated with BASF SE to offer colored grades of Ultrason® high-performance polymers to provide users in the electrical & electronics sector with comprehensive technical support.
Widely Employed Material Type:
Thermoplastic polyolefin serves multiple purposes in the sector, finding use in low-voltage wire and extruded hoses. TPOs are preferred over TPVs in wire and cable applications due to their cost-effectiveness, excellent electrical properties, and temperature versatility. As per Triton’s report, polyolefin is expected to register a CAGR of 6.30% during the forecast period 2023-2030 in terms of material type.
· Adhesives & Sealants:
Thermoplastic elastomers have gained popularity in providing strong bonds and flexibility without mixing or high-temperature curing. Since TPE adhesive grades offer durability, electrical insulation, and chemical and water resistance, companies strive to expand footing in the adhesives sector. Arkema SA, for instance, acquired Ashland’s performance adhesive branch in February 2022 to strengthen its adhesives solutions segment.
Regional Analysis: Asia-Pacific dominates the market based on volume
In Asia-Pacific, China dominates paint and coating production, while India is experiencing robust growth due to rapid industrialization and construction activities. Besides this, thermoplastic elastomer manufacturers are expanding in ASEAN countries like Thailand. Hence, the region’s expanding position in adhesive and sealant production fuels the region’s market, spearheaded by China.
Regulations & Shortages Prompt Innovation
Due to increasingly stringent environmental regulations and sustainability goals, elastomer manufacturers are compelled to create more recyclable tire options. This has led to a noticeable shift towards sustainable TPE materials, including bio-based TPEs. Shortages in raw materials further exacerbate the need for recyclable products. Notably, China has witnessed a significant increase in recycled rubber production, capturing more than 80% of the global production landscape.
In summary, the growing demand for eco-friendly solutions, regulatory pressures, and raw material shortages have spurred the adoption of TPEs as an effective means to reduce costs associated with waste tire management. Looking ahead, the industrial commitment to resource efficiency is expected to create lucrative opportunities within the thermoplastic elastomers market.
FAQs:
Q1) How big is the thermoplastic elastomers market in terms of volume?
Based on volume, the thermoplastic elastomers market recorded 7298.81 kilotons in 2022, expected to advance with a CAGR of 2.61% during 2023-2030.
Q2) Which are the 5 key thermoplastic elastomers?
Five key TPEs are polystyrene, polyamide, polyolefin, polyurethane, and elastomeric alloy.
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Rising Use from Allied Sectors Fuels Bulk Metallic Glass Market Growth
As per Inkwood Research, the Global Bulk Metallic Glass Market is set to develop with a CAGR of 17.65% in terms of revenue during the forecasting period of 2024-2032.
“Browse 32 Market Data Tables and 34 Figures spread over 160 Pages, along with an in-depth TOC on the Global Bulk Metallic Glass Market Forecast 2024-2032.”
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Bulk metallic glasses (BMGs) are metallic materials characterized by an amorphous structure akin to glass rather than the conventional crystalline arrangement typical of most metals. This distinctive composition grants them numerous advantageous traits, including exceptional strength and stiffness, an impressive elastic limit, corrosion resistance, and lightweight nature. Such qualities render BMGs highly appealing for diverse applications spanning various industries.
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Rising Use from Allied Industries Promotes Bulk Metallic Glass Market Growth
Bulk metallic glasses (BMGs) are increasingly garnering attention across a spectrum of allied industries, given their exceptional properties. Offering superior strength-to-weight ratios compared to conventional metals, BMGs are prime candidates for lightweighting components. The exploration of BMGs for airframes, landing gear, and other vital parts holds promise for enhancing fuel efficiency and overall performance.
Furthermore, BMGs demonstrate remarkable resistance to corrosion, thereby prolonging product lifespan and minimizing maintenance requirements, particularly in demanding environments. Leveraging the wear and corrosion resistance of BMGs can significantly bolster the durability and reliability of electronic connectors.
Thermoplastic Forming: Key Technology by 2032
Thermoplastic forming in bulk metallic glasses (BMGs) involves shaping or molding these materials at elevated temperatures. During this process, BMGs enter a supercooled liquid state, allowing them to undergo plastic deformation, akin to conventional thermoplastics.
North America to be the Major Region over the Forecast Period
The North America market for bulk metallic glasses (BMGs) is on a steady growth trajectory, fueled by factors like technological advancements, rising demand from key industries, and increasing awareness of BMGs’ unique properties and applications.
North America, particularly the United States, serves as a prominent hub for research and development in materials science, metallurgy, and advanced manufacturing technologies. Universities, research institutions, and corporate R&D centers in the region actively study BMGs, exploring novel compositions, processing techniques, and applications. This emphasis on innovation drives the expansion of the BMG market in North America.
Some of the major companies operating in the global market are Orbray Co Ltd, Epson Atmix Corporation, Eutectix Llc, etc.
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Conductive Polymer Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
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Innovations & Growth Potential in the Global Thermometer Market
As human body temperature continues to be an early sign of diagnosis, thermometers are found in every clinic and household. Since the inception of medical sciences, thermometers have undergone several developments to bring more accuracy. Triton’s research states that the Global Thermometer Market is estimated to advance at a CAGR of 7.56% during the forecast period 2023-2030.
Due to the environmental toxicity of mercury, the Environment Protection Agency (EPA) recommends phasing out conventional mercury-based thermometers. Thus, infrared radiation (IR) thermometers, known for their speed and accuracy in offering near-instantaneous temperatures, are now widely used. In this regard, Telepower Communication Co Ltd introduced a cost-effective, high-performing infrared thermometer that supports Bluetooth connectivity. Such developments foster the need for more product innovations.
Innovations in Digital Thermometers:
Smart/Digital Thermometers
The temperature measurement process has been revolutionized with technological innovations. In this regard, traditional mercury thermometers are making a new path for smart and digital thermometers. These contactless, smart heat sensors have the utmost precision in temperature detection.
Smart thermometers are distinguished from the traditional ones with their easy-to-read display and speedy detection of temperature. According to a report by the National Institute of Health (NIH), smart thermometer readings are highly predictive of surveillance data for a respective region and season. The report also found that smart thermometers helped in improving predictions of influenza among the people in California.
Superconductor Thermometer
Researchers at the National Institute of Standards and Technology (NIST) invented a miniature thermometer in November 2020 with big potential applications. This thermometer is 2.5 by 1.15 millimeters in size and is embedded in another cryogenic microwave device to measure temperature when placed on a chip. Compared to conventional ones, the NIST’s superconducting thermometer is capable of measuring temperatures below 1 Kelvin in about 5 milliseconds.
Thus, being faster, smaller, and more convenient than conventional cryogenic thermometers, the new invention can be mass-produced for chip-scale devices. It can monitor the temperature of processor chips in superconductor-based quantum computers, which must stay cold to function efficiently.
Ultra-fine thermal sensor
Researchers in Japan have developed a micro-thin thermal sensor. This can be easily attached to the skin to monitor the health of infants. Embedded in a super-fine, thin film, with about ¼ the thickness of human hair, this thermometer measures temperatures between 25-30 degrees Celsius.
Additionally, the materials used to manufacture these thermal sensors are cheap and widely available which ensures a commercialized use of the device.
FeverPhone App
A team of researchers from Washington University developed an application to measure temperature by placing the smartphone on the forehead. Named FeverPhone, this app allows the touchscreen to gather data and predict temperature within 90 seconds. It analyses interactions between the heat generated by the phone’s battery and the touch of fingers, accurately estimating body temperature without any extra hardware.
Notably, during a test conducted in an emergency department, the application showed impressive results in detecting core body temperatures compared to traditional ones. This eliminates the need to carry separate thermometers and rely on a smartphone for temperature monitoring.
Thermometers Market: Growth Potential Beyond Health Sector
Increasing Utility in the Manufacturing Sector:
A dominant manufacturing sector and the spillover effects lay the foundation for the growth of the thermometer market. Moreover, as per Triton’s analysis, the Asia-Pacific thermometer market is expected to witness the fastest growth at a CAGR of 8.54% over the forecast period 2023-2030.
Among the ASEAN countries, Singapore, Indonesia, and Thailand are experiencing a robust transformation within the manufacturing sector. Singapore’s industrial manufacturing contributes to around 20% -25% of its annual GDP. Major industry players like HP, Infineon, and Micron look forward to establishing next-generation manufacturing facilities in Singapore to make it among the top five exporters of high-tech goods.
Rising Importance of Temperature Monitoring in the Food Industry:
According to the World Health Organization (WHO), unsafe food causes 420,000 deaths and 600 million cases of food-borne diseases across the world. Thus, ensuring quality standards throughout the food cycle is important for a seamless process, starting from production to consumption.
Verifying correct temperatures is required during several stages like boiling, thawing, freezing, etc. Consistent temperatures help eliminate harmful bacteria, which minimizes the risk of food poisoning. Probe thermometers are, therefore, critical in food processing facilities, commercial kitchens, or retail settings. It ultimately determines the food safety standards throughout the supply chain.
Critical use of Thermometers in Research Laboratories:
Temperature records are crucial while conducting deep research, experiments, and scientific investigations. It helps in deriving accurate, data-driven conclusions. Laboratories, research industries, scientists, and environmentalists are completely dependent on thermometers for authentic temperature readings. A slight inaccuracy or a false reading may cause a scientific experiment to fail. Thus, heat-measuring devices help to determine the stability of compounds, the rate of chemical reactions, and the extent of these reactions.
Evidently, the use of thermometers is not restricted to the medical sector. Along with the precision and reliability of products, temperature records play an important role in various other sectors like agriculture, climatology, industrial manufacturing, weather forecasting, and archaeology. This widens the growth potential of temperature-measuring devices, creating opportunities for contenders in the global thermometer market.
FAQs
Q.1) Do battery thermometers have mercury?
A small amount of mercury is present in the button cell of battery thermometers.
Q.2) How big is the thermometer market?
The global thermometer market generated a revenue of $1504.98 million in 2022 and is expected to achieve $2710.08 million in 2030.
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UV Disinfection Equipment Market: Key Findings
According to the Global Burden of Disease Study (GBD), over 95% of the world’s population struggles with health problems. About half of this population resides in densely populated urban areas, where access to adequate sanitation is a pressing problem. Consequently, the risk of outbreaks of diseases such as measles and influenza is significantly increased in these areas. In response, UV disinfection devices have emerged as important systems for maintaining cleanliness and protecting public health. Increasing support from government initiatives and the widespread adoption of UV systems in various sectors have driven its expansion. According to Triton’s Market Research report, the global UV disinfection equipment market is predicted to reach $10356.06 million by 2030, expanding at a CAGR of 7.61% during the forecast period 2023-2030.
UV Disinfection Equipment Applications: Redefining Safety Norms
Water Treatment:
The World Health Organization (WHO) states that 80% of all infectious diseases are waterborne infections. The escalation in water pollution creates conducive environments for malaria-carrying mosquitoes, resulting in an annual death toll ranging from 1.2 million to 2.7 million individuals. This highlights the critical role of UV disinfection technology in water treatment, effectively neutralizing harmful microorganisms and ensuring safe and clean drinking water. Accordingly, demand for water treatment will serve as a key catalyst for advancing the UV disinfection equipment market.
As Triton’s analysis indicates, the UV disinfection equipment marketby water treatment held the dominant share of 7.59% in 2022.
Additionally, the growing awareness of the adverse effects of chlorination has paved the way for UV treatment as a rising alternative. In response to these challenges, the UK water authority has established specific guidelines for applying UV disinfection in water treatment, making it mandatory for public water suppliers to adhere to these protocols. Furthermore, other countries, including China and several European Union members, are also formulating similar regulations to address water contamination and safeguard public health.
Therefore, these regulations in the country will likely boost the demand for UV disinfection technologies, leading the Asia-Pacific UV disinfection equipment market to progress fastest at a CAGR of 7.86% from 2023-2030.
Air Treatment:
According to a comprehensive study, the annual death toll from air pollution caused by smoke and various chemicals stands at approximately 3 million people. In the United States alone, approximately 3 million tons of hazardous chemicals are released into the atmosphere annually, leading to severe health consequences, including cancer and other critical health issues.
Addressing air pollution and regulating the release of harmful chemicals demand concerted global efforts. As a result, UV air purification has garnered widespread acceptance as an established technique, with reputable organizations like the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) consistently advocating its adoption in critical settings such as laboratories, hospitals, operating rooms, and educational institutions.
Our estimates suggest that the UV disinfection equipment market by air treatment is poised for the fastest growth, with a projected CAGR of 7.79% during the forecast period 2023-2030.
Surface Treatment:
In the quest for advanced hygiene solutions, UV surface disinfection treatment has proven to be a transformative force. Its effectiveness in neutralizing pathogens is now complemented by innovative technological advances, demonstrated by recent launches:
In March 2021, Atlantic Ultraviolet Corporation made headlines with its enhanced Sanidyne Ultraviolet Portable Area Sanitizer Line. This improvement introduces the Sanidyne Prime Remote and Sanidyne Plus enhancements, packed with state-of-the-art features. Including occupancy sensors and remote control enhances safety, while improved portability promotes comfort.
In February 2021, Xenex introduced a breakthrough innovation— the Deactivate Handheld Disinfection Device. The solution can destroy SARS-CoV-2 on surfaces in an astonishing 30 seconds. The powerful, handheld device LED rapidly disinfects confined spaces and revolutionizes surface hygiene.
These ventures reflect a sector committed to unyielding safety standards. As UV technology advances, these pioneering developments serve as guideposts, pointing towards a future characterized by cleaner, safer, and more hygienic environments.
Conclusion
The UV disinfection equipment market is poised for continued prosperity fueled by several key factors. The growing consumer preference for hygienic and high-quality drinking water and stringent government regulations drive the demand for technologically advanced disinfection solutions. Furthermore, the prevalence of UV technology is on the rise due to the growing number of startups emerging in the area. This trend will contribute to the expansion trajectory of the studied market worldwide.
FAQs
Q1: What geographies are studied in the market?
North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
Q2) Which are the established players in the UV disinfection equipment market?
The established players in the market include Xylem Inc, Calgon Carbon Corporation, OSRAM Licht AG, Severn Trent Plc, Danaher Corporation, Evoqua Water Technologies LLC, Germitec, Australian Ultra Violet Services Pty Ltd, Atlantic Ultraviolet Corporation, and Halma Plc.
Q3) Which sectors use UV disinfection equipment in air treatment? Health facilities, hospitality, industrial, retail shop, offices, and others.
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MBP Showcases Two Motorbikes in Auto Expo 2023 to be Sold in India
On the second day of the Auto Expo 2023, the MBP a renowned Italian motorcycle brand showcased MBP C1002V and MBP M502N, two bikes. Most probably these bikes will be available in India in the future and sold through the Benelli-Keeway dealership. It is the company’s first time in the country to have launched the selling of its new motorbikes.
MBP M502N has skeel body panels with an aerodynamic stance. It is a street naked motorbike with a parallel-twin engine that is 486cc liquid-cooled. One of the advanced features includes a 4.2-inch TFT colour screen. The engine is also equipped with a 6-speed gearbox. The bike will provide 45Nm torque at 6,750rpm with 46.9hp power output at 8,500rpm.
This bike also has a KYB suspension comprising an adjustable mono-shock and fork. It will have a seat height of 790 mm, running on Pirelli Angel GT tyres. MBP M502N also offers twin brakes in the front and at the rear, there is a single disc. Another add-on is a dual-channel ABS. The bike will individually weigh without fuel as 198 kg.
MBP C1002V cruiser on the other hand will have a 5-inch TFT dash display with a projector LED headlight set in an aluminum alloy frame. It will bear a 997cc liquid-cooled V-Twin engine. Like its counterpart, it has dual-channel ABS. But it will have the support of KYB at the front and rear.
The Indian automobile market will also see a comeback by LML in the electric vehicles section. At the Auto Expo 2023, the company revealed the LML Star electric scooter that has a futuristic design with red accents and dual shades of white and black. This electric scooter also showcases LED Daytime Running Lamps and LED projector headlamps. It also boasts haptic feedback, a 360-degree camera, and LED lighting.
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Membranes Market | Pioneering Product Developments
Triton’s analysis predicts that the Global Membranes Market is set to rise at a CAGR of 6.74% during the forecast period 2024-2032.
This raises the question: What is prompting this growth?
According to WHO, in 2022, at least 1.7 billion people used drinking water contaminated by feces. Microbial contamination leads to transmission of water-borne diseases like cholera, diarrhea, typhoid, etc. WHO also states that around 505,000 deaths caused annually are due to diarrhea. Thus, to provide clean water for consumption purposes, countries opt-in to deploy membranes and remove the contaminants.
Estimates by the Asian Development Bank also suggest that in Asia-Pacific, around 1.5 billion people in rural areas and 600 million in urban areas lack adequate water supply and sanitation. This paves the way for sound water management techniques.
Hence, stakeholders make enormous efforts to explore purification methods and develop new membrane applications to reuse higher quantities of water. In fact, Triton’s analysis predicts that the Asia-Pacific Membranes Market is set to rise at a CAGR of 7.26% during the forecast period 2024-2032.
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Reverse Osmosis (RO) - Integrating Smart Solutions
Introduced by Avista Technologies, AdvisorCi is a software that predicts precise dosing and use rates for membrane chemicals. In December 2023, it was updated with a new multivariable model, which presently allows users to create a 3D graph to track the pH and temperature of the membrane system.
Additionally, RO is known for its adaptability, efficiency in desalinization, and higher recovery rate than traditional methods. Hence, it is one of the most commonly used waterproofing techniques across industries like pharmaceuticals, automotive, food & beverages, etc.
Novel Product Design in Ultrafiltration (UF)
In order to provide convenient ultrafiltration technologies, DuPont’s IntegraTec offers a new, diverse portfolio featuring reliable and durable modules, flexible system design, PVDF, PP, and PES membrane configuration. As per its press release, its membrane technologies were used in more than 3000 installations across the world to produce 50 million cubic meters of water daily.
UF has pores with a size range of 0.02 to 0.05 microns, which helps in the successful elimination of silt, bacteria, viruses, and colloids. Thus, industry players actively invest in research and innovation within ultrafiltration to improve the efficiency of membranes, which creates significant growth opportunities in the reviewed market.
Innovation in Nanofiltration (NF)
A striking evolution in membrane technology is made by NX Filtration. It is a global provider of direct nanofiltration technology, recognized for its design that enables one step micropollutants removal with fewer chemicals. Removing the micropollutants like nano plastics, color and selective salts, PFAS, viruses, bacteria, etc., also requires less energy, thereby creating a strong sustainability benefit.
This highlights that hollow fiber nanofiltration membranes are widely used by municipal authorities, laboratories, industrialists, aquaculture, etc. in tackling issues with hardness and color in water. Accordingly, our analysis estimates that the membranes market by nanofiltration is set to witness the fastest growth at a CAGR of 7.69% over the forecast years 2024-2032.
Modernizing Ceramic Membranes
Nanostone recently made efforts on nanomaterials, aiming to enhance the production and application of ceramic membranes on a global scale. By employing a segmented monolith design, the system facilitates an unrestricted permeate flow along the entire length of the module. This specific design serves to reduce the flow restrictions and unnecessary pressure drops while maximizing surface area.
The modules are engineered to accommodate high flow rates, ensuring a user-friendly system due to broader flow channels. Moreover, the striking ability of this type of membrane material to withstand mechanical, chemical, and thermal stress widens the scope of the ceramic membranes market.
Cutting-Edge Solution by Suez SA
Suez SA developed a new product, ZeeLung, to treat wastewater in a small footprint. It is a membrane aerated biofilm reactor (MABR) used to upgrade the existing water treatment plants witnessing larger tank volumes.
ZeeLung cassettes are deployed to deliver oxygen to the biofilm without the use of air bubbles, which results in reducing energy consumption by 4X. The biofilm contains bacteria that utilize the oxygen to diffuse pollutants such as ammonia and organics from the bulk solution.
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In Conclusion
The search for alternative water resources in drinking water and irrigation will persist with a growing dependence on groundwater. The impacts of climate change are anticipated to bring more fluctuations in harvested rainwater. Thus, enhanced management of all water resources is essential to ensure the quality of water. These reasons will drive the demand for membranes, thereby opening a new window of innovations for membrane manufacturers.
FAQs
Q.1) What materials are used to manufacture membranes?
Membrane manufacturers use materials such as ceramic, synthetic polymers, zeolite, and palladium. Similarly, a combination of all these can be used to design hybrid membranes and leverage the strength of every component.
Q.2) How much is the global membranes market worth?
The global membranes market was worth $8389.34 million in revenue in 2023 and is expected to generate $15121.63 million in 2030.
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Surging Geriatric Populace Drives Medical Display Monitors Market
As per Inkwood Research, the United States Medical Display Monitors Market is forecasted to rise with a CAGR of 5.78% in terms of revenue during the estimated period of 2024-2032.
“Browse 12 Market Data Tables and 22 Figures spread over 180 Pages, along with an in-depth TOC on the United States Medical Display Monitors Market Forecast 2024-2032.”
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The medical display monitor market in the United States is primed for substantial growth, reflecting remarkable advancements and enhanced capabilities in healthcare technology. Leading this expansion are cutting-edge, high-resolution display monitors, pivotal across a spectrum of medical tasks, from diagnostics to intricate surgical interventions. These monitors are fundamental in upholding the standard of patient care and are anticipated to experience significant evolution in the coming years.
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Increasing Senior Population to Boost Medical Display Monitors Market Growth
With age-related ailments increasing, there’s a heightened demand for precise medical imaging and diagnostics. High-resolution display monitors play a crucial role in catering to these needs, ensuring accurate diagnoses and effective treatment plans for elderly patients. As healthcare providers strive to meet the unique requirements of this demographic, the market for advanced medical display monitors continues to expand, offering improved capabilities to support the healthcare needs of an aging population.
Greyscale to be the Prominent Type between 2024-2032
Greyscale monitors play a vital role in precise medical imaging, especially in radiology. Designed for intricate contrast, these monitors display medical images with a range of grey shades, boasting high resolutions, DICOM calibration, and anti-glare coatings. Their alignment with FDA standards underscores their appropriateness for medical applications.
Paired with Picture Archiving and Communication Systems (PACS), Greyscale monitors swiftly access images, greatly aiding in precise diagnostics in healthcare environments. Their advanced functionalities and compliance with regulations render them essential instruments, elevating the standard of patient care.
Major firms operating in the United States medical display monitors market are Double Black Imaging, Barco, EIZO Corporation, Stryker Corporation, etc.
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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.
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Geophone Market Explores New Growth Opportunities 2030
The Geophone Market has experienced significant growth in recent years, fueled by the increasing demand for seismic exploration and monitoring in various industries. Geophones, which are devices used to detect and record ground vibrations, play a crucial role in applications such as oil and gas exploration, mining, civil engineering, and environmental monitoring
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Inventory Tags Market: Technologies Simplify Stock Managementt
Over the years, consumer behavior has changed drastically, with a major focus on online shopping. With a plethora of choices, enterprises are compelled to maintain order accuracy and fulfillment to ensure customer satisfaction. One facet of business processes includes inventory which requires effective management. In the case of surplus inventory, it accumulates carrying costs, accounting for about 20-30% of overall inventory costs. And thus, inventory tags have emerged as a cost-effective management solution. As per our analysis, the global inventory tags market is estimated to progress with a CAGR of 4.71% during the forecast period 2023-2030.
From performing comprehensive counts to tracking warehouse movement, an inventory tag system provides real-time and precise data to streamline operations across sectors, including retail and logistics. When paired with a warehouse management system, these tags can be scanned to obtain end-to-end visibility of the current stock.
In this blog, we explore the key role of inventory tagging technologies in transforming business processes globally.
Tag Technologies Streamlines Order Fulfillment & Management
Efficiency with Barcodes: These one-dimensional codes contain crucial data such as inventory identification, pricing, product dimensions etc., readable via a scanner. In this regard, laser scanners are the most commonly used, especially in the retail sector. In the transportation and logistics sector, this tag technology has gained prominence for automatic identification to ensure long-time shipment tracking. The ease of management has enabled companies like Axicon to launch a barcode verifier system to read larger barcodes on outer cases and pallet labels. It features a continuous scan option that permits multiple readings, making the verification process faster.
Operational Accuracy with RFID Tags: Functioning through radio waves, RFID is extensively opted for scanning multiple tags simultaneously, reducing overall inventory management time. For instance, the new ‘Find Tag’ functionality by Mass Group enables users to easily identify and examine multiple RFID tags to locate inventory in real-time on its Traceability Made Easy Mobile Version.
Further, radio-frequency identification (RFID) technology is highly preferred in the retail sector, specifically for apparel tracking. With the rapid retail industry’s growth, apparel giants like H&M, Nike, and Zara have leveraged this tag technology to generate an efficient supply chain, prevent out-of-stock scenarios, and tackle counterfeit products. The rising disposable income and concerns pertaining to forgery have elevated the adoption of RFID tags, which further accelerates the inventory tags market’s progression.
Mobile Compatibility with QR Tags: Quick response (QR) code, also known as matrix code, is the most common 2D barcode, containing over 7,000 characters. This technology can encode more data than 1D barcodes and doesn’t require to be linked to a database. Over the last few years, this technology has become popular among end-users due to its fast smartphone scanning capabilities and vast storage. While QR codes have existed for several years, the pandemic-induced contactless payment using UPI accelerated QR scanning across sectors.
From managing product recalls to identifying faulty items, QR tags ensure high-level inventory management, following the correct inventory metrics. This has prompted various strategic initiatives, including GS1’s plan to enable 59,000 members to initiate their QR codes. Each code is set to include GS1 barcodes that link to various sources offering SKU-specific content.
Data-Driven Operations: A Growth Prospect
The advent of big data and other technologies like AI and machine learning have influenced several business decisions across numerous industries. E-commerce is one such industry that relies heavily on data management to enhance operational capacity and reduce recall losses. Inventory tags, in this scenario, lessen challenges by offering supply chain transparency with real-time data on stock movement and availability. Further, the growing need for sustainable business decisions have soared demand for effective tagging systems to improve stock margins. Hence, the industrial expansion opens avenues for players, which ultimately drives the inventory tags market.
FAQs:
Q1: Which are the key end-users in the inventory tags market?
Retail, transportation and logistics, and industrial are key end-users in the inventory tags market.
Q2) Which factors are driving the inventory tags adoption?
Factors such as protection against fraudulent activities, high adoption of RFID technology, and the need for real-time data visibility are driving the inventory tags adoption.
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