Industrialization and Modernization to Enhance Asia E Glass Yarn Industry: Ken Research

E glass yarns consist of a defined number of E-glass filaments of a certain nominal diameter and are brought together to form a yarn. The structure of yarn is fixed and protected by a size and a slight twist, generally in Z-direction for better results. E glass yarns are manufactured as per ASTM’s standards and wound on plastic bobbins for attractive marketing. E glass yarns possess properties such as low thermal conductivity, fire resistance, compatibility with organic matrices, electric insulation, dimensional stability, and are three times higher resistance than steel. E-glass yarn is a continuous filament, natural, white, and lustrous that is evenly twisted on supply packages. E glass yarns are made of glass of high stability and durability and are, with the exception of sizing ingredients, inorganic, inflammable and will neither expand nor contract with moisture changes.

Glass yarn is the most resourceful industrial materials available with unlimited supply. Glass yarn possesses properties such as hardness, transparency, resistance to chemical attack, stability, inertness, strength, flexibility, and stiffness. Almost all glass yarns are general purpose products and E-glass denotes that the glass fiber has is low electric conductivity property. E glass yarns are used in many industries for a wide range of applications such as for reinforcement, filtration, insulation, or other applications.  E-glass yarns available in the Asian markets contain boron oxide in negligible amounts. Therefore, elimination of boron oxide is a must with the already established stringent environmental regulations. Therefore, environmentally friendly boron-free E-glass yarns were developed for various industrial applications.

According to the study “Asia E-Glass Yarn Industry Situation and Prospects Research report”, electronic grade and industry grade are the two types of E-Glass yarns available in Asia. Various applications of E-Glass yarns in Asian markets are glass chemistry, coating or binder chemistry and other industries. Geographically, E-Glass Yarn in Asia market is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in Asia’s E-Glass Yarn in Asia market are AGY, Saint-Gobain, PPG, Taiwan Glass, Nittobo, Sichuan Fiber Glass, Glotech Industrial, Porcher, Bohemiatex, Valmiera Glass, and Colan.

Evolution in electronic miniaturization is increasing electronics functionality in the same or smaller form factor. Demand for smartphones and tablet PCs has created demand for thinner and higher performing materials. E-Glass yarns available in Asian markets, enables development of higher performing materials to add more conducting layers of the same thickness for better performance devices. Industrialization and modernization has witnessed a drastic development in Asia’s infrastructure and economic conditions. The endless demand and consumption of E glass yarns in various industries will definitely boost the Asian markets over the next few years.

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The Rising Importance Of Cyber Security In The Oil And Gas Industry Market Outlook: Ken Research

There are many companies that are operating in this segment, providing cyber threat security to the companies that operate in the oil and gas industry. According to the study, ‘Cyber Security In Oil & Gas - Thematic Research’, some of the companies that operate in this industry include Ahnlab, Airbus, Akamai, BAE Systems, Barracuda Networks, Check Point Software Technologies, Cheetah Mobile, Cisco, CyberArk Software, F5 Networks, FireEye,, Fortinet, F-secure, Gemalto, Gigamon, IBM, Intel, Juniper Networks, KEYW, LifeLock, Micro Focus, Microsoft, MobileIron and NetScout Systems. Some of these companies have recently entered this industry which makes the competition somewhat fragmented. However, major market share has been grabbed by big names which have been operating in the IT sector for more than a decade. The key reason for their high market share is the trust factor they have built due to their operations.

One of the recent trends that have been witnessed recently is the growing integration of the technology and software industry with the oil and gas industry. The growing use of technology in this industry has made the oil and gas industry more vulnerable to cyber security threats. The door to cyber security threats has recently been opened due to the growing demand of technology in the oil and gas industry. Many companies face issued for instance petroleum companies face the issue of hydrocarbon installation terrorism which has the potential to cause entire plant shut down which would lead to sabotage of activities as well as disruption of entire utilities. Oil and gas play an important role in the lives of all individuals, which makes the protection of this particular sector very important. Underestimating the damage that could be caused due to a cyber attack on one of the most important industries would be a mistake.

The regulation exercised over cyber security is quite less in the oil and gas sector. However, there are body of standard and regulations that need to be adhered to by the companies. These industries are both from the side of the government as well as at the industrial level which tries to ensure their own internal policy is able to meet the security needs which depends on their own infrastructure and data. The guidelines that have been issued are not compulsory but rather mandatory but still a company that ignores these rules and regulations puts the entire organization at the risk of being harmed. These policies and procedures are some of the most recognized across various industries, not following them puts the entire oil and gas industry at risk.

The number of cyber security threats is increasing year on year in the oil and gas industry which makes it a potential market. The number of increasing cases of cyberattacks on the oil and gas industry has led to many companies establish this business in this area. Thus the competition landscape is fragmented. The growth rate in this industry is expected to be high considering the increasing number of cyberattacks which is expected to be carried forward to the next year as well.

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https://www.kenresearch.com/defense-and-security/security-devices/cybersecurity-oil-gas/152708-16.html

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Evolution in Fuel-Efficient and Light Weight Aircraft to Boost Honeycomb Core Industry in Europe: Ken Research

Aerospace industry is the most advanced industry and possesses reliable materials that are necessary to ensure optimal safety, longevity, and strength in any aerospace applications. Almost all the aerospace materials are focusing on lightweight materials due to the need for optimal aerodynamics, great strength to ensure the safety of pilots and passengers, to withstand the physical forces of flying, and heat resistant to ensure structural changes which are kept to a minimum during the sudden and extreme temperature fluctuations that occur at high-speed and high-altitude flight. Honeycomb is the most reliable material used in aerospace applications, particularly, aluminium honeycomb, which meets the desired aircraft requirements. 

Honeycomb materials resemble the structure of beehives which are an excellent solution for European aerospace applications. Production of honeycomb requires multiple steps such as expansion, corrugation, and moulding. Very less metal is needed to produce honeycomb and is an expensive process. Metal is sandwiched between two thin panels of material and is effectively combined to produce light-weight and high-strength qualities which are essential for an aerospace industry. The sandwiched structure is a smooth and flat surface of the panels that allows for easy installation. With the proper honeycomb design, the structures are designed and manufactured with any number of cell shapes, sizes, and configurations for added flexibility and high strength. Aluminium honeycomb has great stiffness which is among the highest of any composite core material available. Its possesses properties such as high resistance to compression, heat resistance, flexible to temperature fluctuation, recyclable, non-moisture absorbent, resistant to mould or fungal growth and shear, which are key qualities required in European aerospace applications. Use of aluminium in the manufacturing of honeycomb core is an environmentally friendly approach and it is obtained from recycled products.

According to the study “Europe Commercial Aircraft Honeycomb Core Industry Situation and Prospects Research report”, aluminium honeycomb core is used in commercial aerospace applications such as critical substructures in rockets, aircraft, jet engines, propellers and in non-aerospace structures, such as wind turbine blades. Aircraft honeycomb core is used in sensitive applications such as aircraft heating, ventilation, and air conditioning systems. The honeycomb core structure is very strong and does not buckle easily when bent due to it is lightweight property. Airplanes such as Boeing 787 Dream liner use honeycomb core structure in its wings, tail fins, and parts of the fuselage. There is an increasing demand for light-weight aircraft such as the Boeing 787 and Airbus A350 which drive the growth in European commercial aircraft honeycomb core market. There are multiple numbers of vendors in aircraft honeycomb core materials and are highly competitive. The leading vendors in European commercial aircraft honeycomb core industry are DuPont, EURO-COMPOSITES, Hexcel, Plascore, Rockwell Collins, Argosy International, The Gill, Indy Honeycomb, TRB Lightweight Structures and Tubus Bauer. Honeycomb core is used in manufacture of engine, fuselage, empennage, and wings within the commercial aircraft honeycomb core in Europe market. Aluminium, alloys and other materials are the various product types within the commercial aircraft honeycomb core in Europe market. Geographically, commercial aircraft honeycomb core in Europe market is spread across Germany, Russia, UK, France, Italy and other regions.

It was observed that there is an increasing demand to replace older and fuel-inefficient aircrafts in Europe with the introduction of more economical single-aisle models in the aircraft sector. Advanced technology coupled with honeycomb core materials has enhanced and retrofitted European aircrafts with improved comfort and safety for the passengers. European commercial aircraft manufacturers are demanding for aluminium honeycomb core because it is lightweight and also improves fuel economy. This is encouraging European aerospace structure and component manufacturers to focus on using materials that will reduce overall weight of the aircraft. The demand for honeycomb core materials will continue over the next few years with greater revenue generation in the European aircraft sector.

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High Cost of Balsa Core Materials may Obstruct Growth in Asian Markets: Ken Research

Balsa core materials are cost-effective and can be tailored for any specific applications as per requirements. Balsa trees grow rapidly; therefore, there is a huge demand for their core materials. They are extensively used in production of boats, transportation, wind turbines blades, and structural composite panels. They possess high specific stiffness, rigidity and enhanced moisture resistance that makes it the most material suitable for wide range of applications. Sandwich panel of balsa wood cores are used in lightweight aircrafts construction for high compressive and tensile strength. Hovercraft, aircraft, and helicopter designers prefer balsa wood core materials in the manufacturing processes. 

Monolayer and multilayer are the various types of balsa core materials available in Asian markets. Various applications of balsa core materials in Asia are wind energy, aerospace, marine, transportation, construction, and others. Geographically, balsa core materials market in Asia is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in balsa core materials market in Asia are DIAB, 3A Composites Core Materials, Bcomp Ltd, Carbon-Core Corp, CoreLite, Gurit, Evonik Industries AG, I-Core Composites and Nord Compensati. Balsa core materials market is fragmented due to many players. Mergers and acquisitions of balsa core material manufactures and technological advancements are expected to provide lucrative opportunities within the Asian markets.

According to the study “Asia Balsa Core Materials Industry Situation and Prospects Research Report”, maritime transport is a cost-effective way to transporting goods and raw materials around the world. Majority of the trading activities are performed through the sea accounting for a major share in Asia’s economy. Dry cargo shipments and tanker trades such as crude oil, petroleum products, and gas demand for balsa core materials such as balsa core sheets for packaging and as support systems. The need for security systems within the economies has led to a demand for fighter, attack, and bomber aircraft in their military sector that are utilizing balsa core composite materials in the manufacturing processes.

The increasing demand for cost-effective, environment-friendly generation systems and implementation of stringent government regulations to reduce emission of greenhouse gases has led to adoption of balsa core composite materials in various manufacturing process. Wind energy sector is the major consumer of balsa core materials in the manufacturing and establishment of the industry. It prefers lightweight materials for better energy production.

The development of the military, aerospace, marine and wind power industries in the emerging economies such as India, China, Korea, and Japan has led to a huge demand for lightweight composite materials such as balsa core materials. The multilayer segment in of balsa core materials is projected to be the most lucrative segment in Asian markets, due to its higher energy absorption property as compared to its monolayer materials. High cost of balsa core materials is expected to hinder Asian balsa core materials market growth over the next few years.

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Taiwan’s Heavy Reliance On Non-Digitalised Payments Market Outlook: Ken Research

As China leads the way into becoming the world’s first cashless economy and other countries try to catch up, Taiwan is lagging behind. According to the study, ‘Payments Landscape In Taiwan: Opportunities And Risks To 2022’, Taiwan’s e-commerce market is one of the fastest growing in Southeast Asia and is driven by the rise in internet and smartphone penetration. Behind the growth of e-commerce payments are the multiple payment methods provided by e-commerce websites including payment cards, direct debits, cash or card on delivery, bank transfer and digital and mobile wallets. Despite this, for an average person living in the country paper money and plastic bank cards are still an indispensable part of daily routine.

Cash continues to be the preferred mode of consumer payment accounting for nearly four-fifth of the overall payment transaction volume in 2016. It has been observed that consumers in Taiwan have a strong inclination towards cash for day-to-day transactions despite the gradual rise in electronic payments. Currently, in Taiwan only a proportion of the population slightly greater than one-tenth has noticeably begun using mobile payments, significantly lagging behind its Asian peers. A recent research report showed that mainland China is leading in mobile payment adoption accounting for three-fifth of the worldwide user base in 2018.

India has seen a three-fourth increase in the number of users in the past two years and has become the world’s fastest growing mobile payment market. Taiwan’s slow adoption is a bitsurprising considering the fact that its economy took off decades earlier than mainland China and other South East Asian countries. On top of this, Taiwan’s smartphone penetration is one of the highest in the world and is expected to reach more than nine-tenth of the population shortly. Further, studies show that the country is not lacking any resource in order to adopt digital payments. Apart from these observations, the data also shows that nearlyfour-fifth of the population has access to mobile internet.

Debit cards remain the preferred payment cards among Taiwanese consumers evident by the findings from 2016 which revealed that debit card penetration in Taiwan was the highest compared to other regional countries. 

Taiwan was followed by Japan, South Korea, New Zealand, Singapore, Australia and Hong Kong. As debit cards are offered as complimentary products with current accounts, the large banked population in Taiwan has led to the high debit card penetration. Although small, the credit cards market recently registered the highest growth in terms of both transaction volume and values. This growth can be attributed to the steady rise in the middle class and young working population. It was also supported by a rise in consumer awareness of the benefits of credit cards such as deferred payments, in paying installments and cash back. Taiwanese consumers are increasingly using credit cards for recurring payments such as utility fees, school tuition, insurance premiums and taxes.

The general public is however, knowledgeable and keen to try out the new payment methods. According to research, more than three-fifth consumers in Taiwan are aware of NFC (near-field communication) which is the underlying technology behind many popular mobile payment services including Apple Pay and Samsung Pay. The public is being supported by the government as the government of Taiwan has been promoting electronic payments through initiatives such as the Act Governing Electronic Payments Institutions, the launch of the Digital Banking 3.0 Plan to enable credit card payments for government agency fees and taxes along with the establishment of a fintech office and dedicated fund.

Taiwan has a long way to go to be recognized as a hub for digital payments. The country currently has heavy reliance on paper money however, the extensive use of plastic bank cards especially debit cards helps to promote digital payments. Government efforts coupled with the public’s expanding knowledge base are believed to soon transform Taiwan’s payment sector.

For more information on the research report, refer to below link:-

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-landscape-taiwan/152761-93.html

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Stringent Regulations and Increasing Demand in Asia BOPET Films to Witness Uncertain Future: Ken Research

BoPET (biaxially oriented polyethylene terephthalate) is a polyester film manufactured for stretched polyethylene terephthalate (PET). It possesses properties such as high tensile strength, chemical and dimensional stability, transparency, reflectivity, good gas and aroma barrier properties, and electric insulation. Evolution in processed food industry is the major factors driving the growth in BoPET market. Modern lifestyle has led to an augmented demand for convenient and fast food products, thereby driving the packaged food industry coupled with BoPET. The packing of a food plays an eminent role in the life cycle of the product because processed foods require flexible packaging materials that are convenient for the consumers and protects the food product. Majority of the manufacturers are focussing on developing innovative plastic films to meet the increasing processed foods market.

According to the study “Asia Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Industry Situation and Prospects Research report”, modernization has led to increasing consumption of package foods and beverage products, household care products, which demand for BoPET films as packing materials. PET is used in the manufacture of various grades of plastic bags and films that are used in industrial and non-industrial applications. Rapid urbanization, busy lifestyle and high disposable income have lead to increase in consumer spending and encouraging packaged food products. The growth in this market is due to the rising demand for plastic flexible packaging and evolution in food packaging industry. The major challenge in the BoPET market is the increasing environmental concerns related to production and use of polyethylene terephthalate.

The various types of BoPET (biaxially oriented polyethylene terephthalate) films are 10-25 um Thickness, 25-75 um Thickness and >75 um Thickness. BoPET (biaxially oriented polyethylene terephthalate) films are used in food packaging industry, industrial use and other industries. Geographically, Asia’s BoPET (biaxially oriented polyethylene terephthalate) films market is spread across China, India, Japan, Korea, Saudi Arabia and other regions. The leading players in BoPET (biaxially-oriented polyethylene terephthalate) films market are Flex Films, AEC GROUP, HuanYuan Plastic Film, Beijing Kangdexin Film Material Co, Jindal Poly Films Ltd, Uflex, Polinas, Bruckner Maschinenbau GmbH & Co. KG, JBF Group, SRF Limited, Fuwei Films Holdings Co, Retal Industries LTD and DMG Polypack.

The increasing use of biodegradable films will bolster the growth prospects of BoPET market in Asia. Green plastics developed are biodegradable and are easily decomposed by microorganisms and are preferred over conventional plastics. Biodegradable plastics are manufactured from renewable materials and biodegradable additives. With stringent environmental regulation being imposed, manufacturers are finding ways to substitute conventional plastics with green plastics such as polyvinyl alcohol, polyanhydrides, and polylactic acid. Multiple applications of BoPET, the market may witness a huge growth or the stringent regulations will hinder the growth in Asian market over the next few years.

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Global Impact Of Mumps Market Outlook: Ken Research

Mumps is an acute communicable viral disease that passes from one person to another person through saliva, nasal secretions and close personal contact. The mumps virus is an RNA virus. It’s most distinctive symptomsis the inflammation of one or both of the parotid glands. The disease may also affect other salivary glands, gonads (testicles) and the meninges. According to the study, ‘Mumps – Pipeline Review, H2 2018’, most people who encounter the virus show symptoms of the disease such as those already mentioned along with headache and fatigue among others. Since mumps is a virus, it does not respond to antibiotics or other medications however, symptoms can be treated to make oneself more comfortable.

The most successful method of tackling mumps was discovered in the late 1950s when the MMR vaccine (measles, mumps and rubella) was introduced in the US and found to be extremely effective as cases declined almost entirely. This soon led to worldwide adoption of the vaccine before which there were epidemics reported every two to five years with winter and spring seeing the greatest number of cases.

Mumps was earlier more prevalent in children whereas today more than half of the cases are observed in young adults. A large number of people in closely knit environments such as schools and military establishments are more susceptible.

However, with modern vaccination available today, mumps is not at all fatal and is similar to a seasonal flu. Many nations have mandated the vaccines for a number of ailments in order to protect the children. In the UK for instance, universal MMR vaccination became standard in 1988 and in 2013 the UK Health and Social Care Information Centre (HSCIC) reported that during 2012-13 more than nine-tenth of the children had been immunized using the MMR vaccine. This was the highest UK MMR vaccination level recorded since its introduction in the UK.

The US on the other hand is facing some problems with mumps as it does not seem to be able to control it. Mumps seems to be making resurgence with cases at a ten-year high and becoming common on college campuses across the country. Recently, the Dallas area saw the largest outbreak in Texas in years with more than fifty cases whereas there have not been more than twenty cases in the entire state in any year since 2011. Seeing this, experts have begun to come up with possible explanations for the state of the USA when it comes to mumps. A resurgence of mumps in the US among vaccinated young adults appears to be due to waning of vaccine-induced immunity, according to a recent analysis. Researchers found vaccine-derived immune protection against mumps lasts about twenty-seven years after the last dose. The findings suggest that, in addition to the currently recommended two doses of mumps vaccine in childhood, a third dose at age eighteen may help sustain protection. Another research conducted in the US revealed the possibility that a large percentage of youth with HIV may lack immunity to measles, mumps and rubella.

Mumps is relatively much less severe today and this is due to mainly the global immunization programs incorporating the use of vaccines such as MMR. This vaccine is still widely used today alongside other symptom specific remedies for mumps. Recently a number of studies conducted in the US have shed new light on the disease and are aimed at explaining resurgences better and for future well being as well.

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Trends in the Medical Device Industry Market Outlook: Ken Research

The landscape of the medical device industry has been shifted completely. The days of simply manufacturing the medical devices and selling it to hospital and clinics via a distributor or directly are over. New Value addition has been added to this industry which has completely changed the market dynamics. Many organizations and institutions that are operating in this segment have completely reinvented themselves. Companies are changing their internal modelling and coming up with new method of internal management that would work parallel to the new market conditions.

Many companies are investing in new age technologies that shall enable the entire organization to run multiple business lines simultaneously. This would also allow the company to serve different verticals such as customers, patients as well as prospective customers. The traditional value chain in this industry has been completely changed and the companies will take on different and wide roles. The growth rate for the market is expected to be steady for the coming few years while the sales are expected to grow at a much higher rate. This has been due to the increasing demand of new technology devices, due to the increasing diseases in developing and underdeveloped nations and finally due to the emergence of the new markets such as India and China. According to the study, ‘Medical Equipment Quarterly Deals Analysis M&A and Investment Trends - Q1 2018’, some of the devices that are going to witness a complete change in the medical device industry include Wound Care, Hospital Supplies, Hospital Supplies, ENT Devices, Dental Devices, Diabetes Care Devices, Endoscopy Devices, Patient Monitoring, Nephrology and Urology Device, Drug Delivery Devices

The traditional system in the medical devices industry that added value to the system was just simple manufacturing and selling. Due the recent developments, the entire value chain is set for a complete overhaul. Services involving data intelligence shall have to be integrated with the devices in order to offer more holistic solutions. Companies shall require stronger working mechanism for the B2B type of business and shall need to revamp the entire B2C process in order to accommodate the growing and changing demands.

The industry which is driven by the never ending need to supply medical devices at lower cost shall witness the increasing number of participants from different business domains in the medical devices industry. Ecommerce giant, Alibaba has already entered this market taking advantage of its large customer base as well. These big companies that entering this market are investing in newer technologies which would finally lead to the current value chain being rendered completely redundant.

The competition landscape is diverse with many companies that operate in this segment. Major market dominance is from companies that originate from USA and Europe because of the advantage of first mover. The competition is set to become more dynamic and intense due to integration of various new industries along with the medical device industry. The growth has picked up in the recent year which is expected to be carried to the coming years. Many new companies shall be entering this market in order to make most out of this growing trend.

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Increase in Optical Disorders to Boost Asia Bifocal Lenses Industry: Ken Research

The increasing need for sunglasses, awareness among people about refractive errors and the augmented use of electronic devices has led to the growth of glass lens market. Various available glass lenses are single vision glass lens, and bifocal glass lenses. Improved medicines, increasing acute to chronic diseases and the need to increase the life expectancy of the elderly population is driving the demand for bifocal glass lenses. According to the statistics, population aged 65 and above are increasing every year and vision loss is the major issue. It was observed that there is a risk of visual impairment owing to aging processes and chronic eye diseases such as cataract, dry eye, glaucoma and others. This situation is expected to drive the bifocal glass lens market.

With the rising digital literacy, online retailing, increasing spend on online shopping, availability of wide range of products, and highly competitive prices is bolstering the bifocal lenses market in Asia. Bifocals lenses are eyeglasses with two distinct optical powers commonly prescribed to people with presbyopia who need correction for myopia, hyperopia and astigmatism. It was observed that there is an ongoing research in an attempt to eliminate the limited field of vision in current bifocal lenses. New materials and technologies are used in manufacturing advanced optical power of lenses.

According to the study “Asia Bifocal Lenses Industry Situation and Prospects Research report”, separation type and gluing type are the two types of bifocal lenses available in the Asian markets. These bifocal lenses are used in hospitals, optical shops and other applications in Asia. Geographically, Asian bifocal lenses industry is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading players in Asian bifocal lenses industry are Essilorr, Zeiss, Hoya, Kodak, Rodenstock, MingYue, Conant, Chemi, Nikon and Hongchen Optical. All the leading vendors in Asia’s bifocal lenses industry are increasingly focusing on creating strong brand names and offering well-established products that exhibit long-term reliability.

Evolution in electronics, internet penetration, improving economies and increasing disposable incomes are the key factors driving more number of people to use corrective spectacles. The prevalence of optical disorders is rising to new level, therefore, the need for therapeutic and corrective lenses is increasing drastically. The major hindrance in bifocal lenses is due to the increasing acceptance of other ophthalmology devices and corrective procedures like LASIK, Photorefractive Keratectomy (PRK) and other procedures.

Asia accounts for a largest share in the bifocal lenses market due to enhanced standard of living and demand for quality lenses. The increasing aged population and optical disorders is encouraging the market towards expansion in various sectors attracting huge recognition and the trend will continue over the next few years in Asian markets.

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The Dynamic Landscape of the Wind Power Market in Spain: Ken Research

Wind energy promotes the usage of clean form of energy couples with an infinite supply ensuring that the energy production does not stop. For the companies, organizations and governments that concerned with providing a safer environment for future generation by ensuring energy production from renewable sources rather than non-renewable sources, and then wind energy could be the way to go for. In Europe, countries like Denmark and Netherlands have developed huge wind energy farms and recently Spain was the one country that has sanctioned the setting up of huge wind energy farms. Currently it is ranked among the top 5 countries with the largest wind power generation capacity. Not only has this, but the growth in the installed capacity been huge in the recent year which is expected to be carried to the future years. The installed capacity has witnessed a sharp increase in the recent years. Not only this but the wind power companies that manufacture the turbines and storage units are also the market leaders in this segment which has greatly stimulated the wind power market in Spain.

Due to the growth that has been given to this sector, many companies have also entered this market space developing technologies that are related to electricity generation, storage, capacity, wind data logging and components. According to the study, ‘Wind Power in Spain, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles’, some of the major companies that are currently functioning in the Spanish wind power market includes RWE AG, Renovalia Energy, S.A., Iberdrola, S.A., FersaEnergiasRenovables, S.A., Eolica Navarra SL, EoliaRenovables de Inversiones, SCR, S.A., Enerfin S.A., Enel Green Power S.P.A., Endesa, S.A., EDP Renovaveis, S.A., Actividades de Construccion y Servicios S.A. and AccionaEnergia, S.A.

All these companies are deploying new technologies and that too at cost efficient rates which have resulted in their market leadership. The reason for the shift to energy production via renewable form of energy is quite different for Spain as compared to other regions. Most countries try these resources due to environmental degradation however, Spain due to its rising economic growth ultimately led to a shortage of energy production which had to be met via other forms of energy generation and wind energy was the most feasible one.

The objective of the Spanish government is twofold. First being the reduction in dependence on imported oil. Studies suggest that Spain due to its geographical position and lack of natural resources is one the most dependent on imported oil. In order to reduce this dependence, government aims to satisfy the needs by promoting wind energy. The second objective is to reduce the greenhouse gas emissions that are closely associated with usage of non-renewable forms of energy.

The completion landscape in this industry is not very intense with many start-ups and other types of companies setting up their production units in Spain. They are aggressively investing huge amount in new technologies to ensure cheaper and more efficient energy production. The future of this industry is expected to be bright which is set to be taken to the future years as well.

To know more click on the link below:

https://www.kenresearch.com/energy-and-utilities/clean-technology/wind-power-spain-generation/152704-103.html

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