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The global market for high-voltage (HV) switchgears is estimated to grow to $28.8 billion in 2026 at a compound annual growth rate (CAGR) of 3.31% during 2022–26 according to GlobalData. The leading data and analytics company found that the increasing demand for electricity in growing economic regions such as Asia-Pacific and the Middle East is […]
Early phase clinical trials could be impacted due to the Russia-Ukraine crisis, says GlobalData
With the uncertainty surrounding Russia and Ukraine, it is expected that there will be a large impact on the pharmaceutical industry. More specifically, early phase clinical trials in that region could be disrupted says GlobalData. Data from GlobalData’s Clinical Trials Database shows that both Russia and Ukraine have a significant number of planned and ongoing […]
UK insurers need to target renters as buying a house becomes even harder due to soaring prices, says GlobalData
Generation Rent (a generation of young adults who are forced to continue renting due to being unable to afford a house) is only increasing in the UK due to soaring house prices and the cost of living crisis, which means insurers will have to find new ways to reach renters, according to GlobalData. Purchasing a […]
An Orange and MASMOVIL merger will decrease competition in Spain and introduce a new market leader, says GlobalData
Following today’s news (8 March) that Orange and MASMOVIL have entered exclusive talks to form a 50:50 joint venture of their Spanish operations; Madison Galati, Telecoms Market Data & Intelligence Analyst at GlobalData, a leading data and analytics company, offers her view: “The potential merger will significantly impact the highly competitive Spanish telecoms market by […]
Chelsea FC purchase likely to meet asking price with ten bidders rumoured to be interested, says GlobalData
Following the news that Chelsea FC owner Roman Abramovich has put the club up for sale; Patrick Kinch, Sport Analyst at GlobalData, a leading data and analytics company, offers his view: “As one of the biggest clubs in world soccer, there are many factors which would make Chelsea a desirable asset for a potential buyer. […]
Suspension of OneWeb indicative of damage to Russian space industry says GlobalData
Following the news that OneWeb has ceased using Russian rockets: William Davies, Associate Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The decision by OneWeb to suspend launches from the Kazakhstan launch site Baikonur and move to partner with the French company ArianeSpace is a significant blow to the Russian […]
Due to the Ukraine-Russia crisis, Germany may not be able to meet its target of 15 million EVs on the road by 2030, says GlobalData
Due to the Ukraine-Russia crisis, Germany may not be able to meet its target of 15 million electric vehicles (EV) on the roads by 2030 says GlobalData. Increasing the number of EVs on the roads was an important element for how the country was to achieve this target. The crisis has led to the price […]
Novo Nordisk’s Wegovy should successfully overcome supply chain challenges by the end of 2022, says GlobalData
Novo Nordisk’s success in diabetes and obesity drug sales could be impacted by supply chain issues, for the production of its obesity drug Wegovy (semaglutide), unless it can resolve issues with its contract manufacturer says GlobalData. The leading data and analytics company expects Novo Nordisk to successfully overcome the supply challenges surrounding Wegovy in the second half of 2022 […]
Inbound air travel set to grow by almost 9% over pre-pandemic levels in East Africa by 2024, according to GlobalData
According to GlobalData’s recently published report, ‘Destination Market Insights: East Africa (2022)’ inbound trips via air travel in East Africa, are set to surpass pre-pandemic levels by 8.8% in 2024. The leading data and analytics company found that projected growth in air travel will be due to investment in airport infrastructure and East Africa’s global […]
Russia crisis takes crypto back to its roots following the rouble’s plunge, says GlobalData
Following the news that Russians are buying crypto as the rouble falls: George Monaghan, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “Russians buying crypto actually represents a use case of the sort for which crypto was intended. Crypto, being decentralized, is less vulnerable to government regulations than FIAT currencies. […]
27% of UK home insurance claims in 2021 related to weather events but recent storms could increase these claims, says GlobalData
Insurers must brace for rising claims as storms Eunice and Franklin battered the UK in February, serving as a reminder of the consequences of climate change says GlobalData. According to the leading data and analytics company, the severity and frequency of weather events are increasing, posing challenges to insurers. GlobalData’s 2021 UK Insurance Consumer Survey […]
Russian vodka brands face pressure due to the ongoing crisis, says GlobalData
Following the Russian invasion of Ukraine, there have been calls to boycott Russian brands with the country’s most famous commodity, vodka, bearing the brunt of these boycotts, says GlobalData. Notably, the US government has put sanctions on state-run liquor stores to stop selling Russian-made vodka and distilled spirits, while many private establishments are taking the […]
Card payments in Spain to grow by 11.4% in 2022 due to strong economic recovery, says GlobalData
The Spanish card payments market is expected to register robust growth of 11.4% in 2022 supported by strong economic recovery and rising consumer spending, says GlobalData. The leading data and analytics company predicts that Spain’s total card payments value is forecast to register a compound annual growth rate (CAGR) of 8.8% between 2021 and 2025 […]
Swedish neutrality in the balance as they send arms and equipment to aid Ukraine, says GlobalData
Following the news that Sweden has spent almost $150 million on military aid for Ukraine and draws closer to NATO membership, which has not been received well by Russia; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The recent Russia-Ukraine conflict has dramatically altered […]
Russian forces destruction of Ukraine’s AN-225 the world’s largest plane is a blow to global logistics as no equivalent sized aircraft was ever built to replace it, says GlobalData
Following the recent news that the AN-225, the world’s largest aircraft, has been destroyed by Russia in their attack on Ukraine; William Davies, Associate Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The destruction of the AN-225 aircraft by Russian forces is the latest blow to Ukraine’s defense industry and […]
Companies must fully embrace ESG to maximize profits and gain public trust, says GlobalData
Companies that embrace all aspects of environmental, social, and governance (ESG) action will outperform their peers, while those that are slow to recognize this theme’s importance will see an exodus of customers and a drop in profits far sooner than they ever imagined says GlobalData. Social inequality, corruption, tax avoidance, and climate change are all […]
Germany’s historic defense budget growth makes them the third largest global military spender with an annual budget of $83.5 billion by 2024, says GlobalData
Following the news that Germany is drastically increasing defense spending under new Chancellor Olaf Scholz;Madeline Wild, Associate Defense Analyst at GlobalData, a leading data and analytics company shares her view: “The announcements from the Bundestag this weekend will mark an extraordinary and unexpected shift in defense policy. The promised growth will catapult Germany into becoming […]
Combination trials featuring immune checkpoint inhibitors may not result in synergistic effects, says GlobalData
Increasingly, over the past decade pharmaceutical companies have sought to enhance the efficacy of Immune checkpoint inhibitors (ICIs) by using these in combination with other ICIs, chemotherapies, small molecules or cell therapies says GlobalData, the leading data and analytics company. ICIs are very widely used in oncology and include blockbuster drugs Merck & Co.’s Keytruda […]
Crypto markets exiting hype era, says GlobalData
Following the news that Crypto prices fell in the aftermath of Russia invading Ukraine George Monaghan, Thematic Analyst at GlobalData offers his view: “There is speculation that the Russia-Ukraine conflict will eliminate the prevalent belief that crypto is safe from geopolitical disruption, in a way akin to gold. “The idea of crypto being a safe […]
Early results highlight ZT-01’s ability to restore glucagon regulation in type 1 diabetics, says GlobalData
Zucara Therapeutics recently announced the publication of ZT-01 preclinical data for the treatment of insulin-induced hypoglycemia in patients with type 1 diabetes (T1D). Zucara is currently conducting a Phase 1b proof-of-concept clinical trial in people with T1D, with results anticipated in Q2 2022. With few therapeutics in development that focus on hypoglycemic prevention specifically, GlobalData […]