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shankar besta

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  • Author: shankar besta

Carbon offsets market set for revival as high-quality removal solutions gain traction, says GlobalData

The carbon offsets market has experienced a significant slowdown since 2021, primarily due to scandals surrounding project quality and overstated impacts. Yet, with net-zero targets becoming non-negotiable for governments and corporates alike, demand is expected to rebound, driven by a shift toward high-quality, removal-based solutions and stricter market standards that could redefine the sector’s long-term […]
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APAC automotive digital cockpit market to record 1.3% CAGR over 2025-30, forecasts GlobalData

The automotive industry in the Asia-Pacific (APAC) region is undergoing a transformative shift, driven by the rapid evolution of digital cockpit technologies. As the region continues to dominate the global automotive landscape, the integration of advanced digital cockpit systems is not only enhancing vehicle functionality but also redefining the overall driving experience. With countries like […]
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South Korea emerges as pharma licensing hub with 113% growth in total deal value in 2025 YTD, reveals GlobalData

South Korea’s biopharmaceutical sector is experiencing a surge in innovator drug licensing agreements, with a total deal value of $7.86 billion year-to-date (YTD) in 2025, marking a 113% increase from 2024, according to GlobalData, a leading data and analytics company. Ophelia Chan, Senior Business Fundamentals Analyst at GlobalData, comments: “The momentum is largely attributed to […]
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AbbVie’s upadacitinib holds potential to cement dominant place in alopecia areata with latest results, says GlobalData

AbbVie recently announced topline results from one of two parallel studies of the pivotal Phase III UP-AA trial evaluating upadacitinib in severe alopecia areata (AA). Upadacitinib’s latest results could provide AbbVie with a dominant place in AA while potentially addressing the need for treatment options with higher efficacy, according to GlobalData, a leading data and […]
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Italy poised to increase renewables’ share in power generation mix to over 55% by 2035, says GlobalData

Italy has been promoting the development of renewable energy through its principal energy strategies and policies, including the National Energy Strategy and the Integrated National Plan for Energy and Climate, while also emphasizing energy security. As a result, renewables are projected to overtake thermal power as the primary source of Italy’s electricity generation in 2030 […]
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Influencers hail OpenAI’s new models as breakthrough development for AI accessibility and innovation, reveals GlobalData

OpenAI Inc. has become a trending company among influencers in the first week of August 2025 due to the release of two significant open-weight models, GPT-OSS-120B and GPT-OSS-20B, which can run locally on consumer hardware. This move marks a pivotal shift from OpenAI’s previous closed API business model, allowing developers and researchers to access advanced […]
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Vietnam renewable power capacity to surpass 112GW by 2035, forecasts GlobalData

Vietnam generates a significant part of its electricity from coal- and gas-based thermal power plants, as well as a vast number of hydropower plants. To alleviate the climate change effects of thermal power generation, the government is turning towards renewable power generation sources. The Vietnamese power sector presents significant opportunities for renewable energy, with wind, […]
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Nanoscope Therapeutics’ MCO-010 holds potential to become new treatment option for retinitis, says GlobalData

Nanoscope Therapeutics has recently submitted a rolling biologics license application (BLA) to the FDA for MCO-010 (sonpiretigene isteparvovec), a novel gene therapy candidate targeting retinitis pigmentosa (RP). Currently, the RP treatment landscape includes only one FDA-approved therapy, Luxturna (voretigene neparvovec), which is indicated for a small subset of patients with biallelic RPE65 mutations. In contrast, […]
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Malaysia renewable power capacity to reach 30GW by 2035, forecasts GlobalData

Renewable energy sources have become increasingly pivotal in driving the transformation of Malaysia’s power sector. The nation is striving to diminish its reliance on fossil fuels and transition to a more sustainable energy mix. The Malaysian government has established ambitious objectives, aiming to augment the proportion of renewable energy to 40% of the total installed […]
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China’s electricity power consumption to grow at 6.3% CAGR during 2024-30, forecasts GlobalData

China’s electricity consumption continues to outpace its gross domestic product (GDP) growth, driven by a shift toward energy-intensive industries and the rapid electrification of transportation and digital infrastructure. The robust increase in electricity demand is progressively supported by clean energy. The country’s power consumption is forecast to reach 13,757TWh in 2030, registering a compound annual […]
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APAC automotive doors market to record 1.0% CAGR over 2025-30, forecasts GlobalData

The automotive door systems market is witnessing a transformative phase, particularly in the Asia-Pacific (APAC) region. As vehicle production surges in emerging economies and consumer preferences shift toward advanced features, the demand for innovative door systems is set to reshape the automotive landscape. Against this backdrop, the APAC automotive doors market is forecast to record a […]
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Unmet needs present persistent challenges for effective endometriosis treatment, says GlobalData

The endometriosis therapeutics market continues to face significant unmet needs, primarily due to low diagnosis rates, limited disease awareness, and a lack of well-tolerated, long-term treatment options. While surgical interventions can offer symptomatic relief, they are costly and do not guarantee long-term remission or prevention of recurrence. Moreover, patients often undergo multiple surgeries throughout their […]
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APAC automotive seating market to record 1.2% CAGR over 2025-30, forecasts GlobalData

The automotive seating market in the Asia-Pacific (APAC) region is witnessing a transformative phase, driven by a confluence of consumer preferences for comfort, safety, and advanced technology. As the automotive industry continues to evolve, the significance of high-quality seating solutions is becoming increasingly apparent. Against this backdrop, the APAC automotive seating market is forecast to […]
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