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Showing posts from May, 2017

Efficiency and IAQ Standards Coupled with Healthy Construction Activities to Spur US Ventilation Equipment Shipments to Reach 29 Million Units by 2022

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Industry Experts released the 2017 version of its United States market report on Ventilation Equipment titled ‘ Ventilation Equipment – A United States Market Overview ’. The new report also provides in-details analysis of the unit shipments by type for Axial Fans, Centrifugal Fans, Centrifugal Blowers, Power Roof Ventilators and Industrial Propeller Fans for the years 2014, 2015 and 2016. The United States economy is maintaining gradual recovery, and the construction activities are in full swing in both residential and commercial buildings. New residential building permits in the US increased significantly from 2010 and reached 1.2 million units by 2016 with a 2010-16 CAGR of 10.8% and further expected to sustain this growth. Driven by growth in construction sector, trend in implementing energy efficiency standards, and the desire to meet minimum ventilation in homes and commercial buildings will undoubtedly significantly increase over the several years creating opportunities for v

Growth in Global Demand for Biophotonics Propelled by Applications Outside Healthcare Domain, $60 Billion by 2022

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Industry Experts introduced the new global market report on Biophotonics. The report entitled ‘ Biophotonics &ndash: A Global Market Overview ’ reveals that the Medical Diagnostics is the largest end-use sector for Biophotonics with US$24.7 billion in 2017 while Non-Medical applications, such as agriculture, biotechnology and food diagnostics, projected the fastest growing sectors with 2017-2022 CAGR of about 11%. Biophotonics is a field of science that employs the power of light (in terms of photons) and other types of radiant energy to examine the functional, structural, biological, mechanical and chemical properties of biological materials and systems. Though the initial focus of this technology has been in providing enhanced diagnosis for various health conditions, the current application of Biophotonics in a multitude of verticals, such as agriculture, biotechnology, food diagnostics and therapeutics has been the primary driving force behind its wider adoption. This has bee

Positive Growth in Construction Activity and Energy Efficiency Regulations to Drive European Ventilation Equipment Shipments to Reach US$5.8B by 2022

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Industry Experts released the 2017 version of its European market report on Ventilation Equipment titled ‘ Ventilation Equipment – A European Market Overview ’. As per the new report, Germany estimated the largest producer of ventilation equipment with 13.7 million units in 2017 while Italy follows with 5.4 million units. In terms of Fan type, Axial Fans accounts for 8.5 million units followed by Range Hoods and Domestic Exhaust Fans with 6.7 million units and 5.9 million units respectively in the same year. Driven by stringent regulations introduced by the European Union to reduce energy consumption in buildings, the European ventilation industry is expected to benefit from the increasing demand for energy efficient ventilation products. Modest but steady growth in construction activity in the residential and commercial sectors would enhance demand for ventilation equipment. Other factors, such as awareness about importance of indoor air quality would go a long way in renewing mark