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Italy and France are witnessing another wave of COVID-19 infections probably caused by the spread of the UK B.1.1.7 variant and the only realistic solution is to massively increase the daily vaccination rate, says GlobalData, a leading data and analytics company. Bishal Bhandari, PhD, Senior Epidemiologist at GlobalData, comments: “France and Italy had their COVID-19 […]
UK drives upcoming oil and gas projects in Europe, says GlobalData
The UK is expected to drive the upcoming projects across oil and gas value chain in Europe, accounting for about 25% of the total projects which are likely to start operations by 2025. Amongst these, new build projects lead with 62% while the remaining are expansion projects mainly in the upstream sector (fields), according to […]
Philippines dairy industry Vinamilk’s next cash cow, says GlobalData
The Philippines dairy market recorded a robust growth in 2019* and is continuing to attract both regional and international players. The entry of Vinamilk, the largest dairy manufacturer in Vietnam, marks a strategic and cash booster move given the heightened interest for dairy products in the country, says GlobalData, a leading data and analytics company. […]
Spain’s 12-month total prevalent MDD cases to increase at AGR of 1.23% between 2019-29, says GlobalData
The 12-month prevalent cases of major depressive disorder (MDD) is expected to increase from 53.37 million cases in 2019 to 55.36 million cases in 2029, at an annual growth rate (AGR) of 0.37% across the eight major markets *8MM. Out of the 8MM, Spain is expected to grow at an annual growth rate (AGR) of […]
Europe needs to emulate UK to avert further resurgence of COVID-19 cases, says GlobalData
The COVID-19 vaccination rate in the UK exceeds that of any other country in Europe and is on track to be the first country in the continent to control the pandemic through vaccination. Incidentally, Europe remains one of the worst affected regions in the world and must use the UK as a gold standard to […]
China to account half of Asia’s liquids storage capacity growth by 2025, says GlobalData
China is expected to dominate the liquids storage capacity growth in Asia, contributing about 50% of the total capacity growth between 2021-25. It is likely to add 49.4 million cubic meters (mmcm) of liquids storage capacity by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Liquids Storage Industry Outlook to 2025 […]
Solar PV sole driver for renewable power in Singapore, says GlobalData
Singapore is increasingly relying on solar photovoltaic (PV) deployment to achieve clean energy targets as the resource-constrained country has limited renewable energy options. As a result, the installation of rooftop PV systems on public housing has become one of the prominent drivers for the growth of solar PV in the country, says GlobalData, a leading […]
Australia’s defense budget to maintain upward swing between 2020-25 to nullify China threat in Indo-Pacific region, says GlobalData
Australian defense expenditure is expected to increase from US$30.9bn in 2020 to US$39.5bn in 2025.This upsurge in the defense budget expenditure is driven by Australia’s redefined strategic priorities in the Indo-Pacific region as tensions rise with China, says GlobalData, a leading data and analytics company. According to GlobalData’s latest report, ’Australian Defense Market – Attractiveness, […]
Local tourism partnerships key to kindle international Chinese travel demand, says GlobalData
With several destinations experiencing a new wave of COVID-19 infections, adapting to Chinese preferences, social media channels and engaging the Chinese tour operators to stimulate the international travel demand among the Chinese tourists, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Tourism Source Market Insight: China’, reveals that China’s international departures […]
New alcohol display rules could push Japanese consumers towards nolo drinks, says GlobalData
Japanese brewers are now expected to display alcohol content by gram on the product labels as part of the government’s initiative to tackle alcohol related health problems, including addiction. This could create a promising opportunity for no- and low- (nolo) alcohol beverages, particularly as one third (33%)* of Japanese consumers claim they are always or […]
Solar PV overtakes wind to lead India’s sustainable power transformation, says GlobalData
Wind energy led India’s renewable transformation for more than a decade. Solar PV, though a late starter, has now overtaken the wind installed capacity to emerge as the top clean energy producer in the country as of January 2021, according to GlobalData, a leading data and analytics company. As per the Ministry of New and […]
Boeing’s Loyal Wingman induction to support Australian aerospace defense development, says GlobalData
Boeing Defense Australia and the Royal Australian Air Force (RAAF) have announced the first flight of the Loyal Wingman Unmanned Aerial Vehicle (UAV). Maturing the technology and its eventual induction into service will help Australia’s defense industry build the skills to develop the future systems in its aerospace domain, says GlobalData, a leading data and […]
APAC pet care market moving towards ready-made food to conserve time, says GlobalData
The COVID-19 pandemic has affected the businesses around the globe. However, the fast-moving consumer goods (FMCG) sector has been registering growth during the pandemic. In-line with this, the Asia Pacific (APAC) pet care market has also shown resilience and is set to perform strongly in 2021 with double digit value growth. Pet owners in the […]
Six next generation missile vessels to enhance Indian Navy’s anti-surface warfare capabilities, says GlobalData
Following the news that the Indian Ministry of Defence (MoD) has declared the Cochin Shipyard Ltd (CSL) as the lowest bidder for next generation missile vessels (NGMVs); Chandan Nayak, Analyst of Aerospace, Defense and Security at GlobalData, a leading data and analytics company, offers his view: “GlobalData expects the contract to strengthen the domestic aerospace […]
Domestic defense production of India receives booster shot from DAC, says GlobalData
Following the news that the Defence Acquisition Council (DAC) has approved capital acquisition proposals worth US$1.8bn (INR13,700 crore) of various weapons, platforms, equipment, systems required by the Indian defense force; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement by the Ministry of Defence […]
Singapore-Hong Kong travel bubble key for Singapore Airlines, Cathay Pacific turnaround, says GlobalData
Following the news that Singapore and Hong Kong are in talks over the postponed travel bubble; Animesh Kumar, Director of Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “While the flight and travel restrictions have impacted airlines across the globe, the bearing has been extremely severe on Singapore […]
Indigenous Chinese engine equipped J-20 could feature at Zhuhai Airshow in 2021, says GlobalData
The Zhuhai 13th Airshow, originally scheduled to take place between 5-10th November 2020, will go ahead in 2021 in China, most likely before November. The biennial event was postponed in October 2020 due to the COVID-19 pandemic. With this delay, more advanced indigenously developed Chinese technologies will be on display in 2021. Notable amongst them, […]
Power blackout forces Texas to relook into equipment winterizing rules, says GlobalData
Due to a rare deep freeze in the US state of Texas, the power demand has increased immensely. With the residents staying home amid the strong winter storm, the usage of heating appliances has amplified. However, frozen wind turbines and limited gas supplies have hampered the power generation in the state resulting in power outage. […]
India to dominate global ammonia capacity additions by 2025, says GlobalData
The global ammonia industry is poised to register a total growth of 23% from 230.88 million tonnes per annum (mtpa) in 2020 to 284.21 mtpa in 2025. Amongst the countries, India is expected to lead the global capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Ammonia Industry Outlook to 2025 […]
Domestic Chinese immune checkpoint inhibitors can shake the US markets in coming years, says GlobalData
The recent deal between Coherus BioSciences and Shanghai Junshi Biosciences for Junshi’s PD-1 inhibitor named Tuoyi (toripalimab) is the fifth such deal between the US or EU companies and Chinese PD-1/L1 developers. With six checkpoint inhibitors originally developed in China and now partnered with the US/EU companies vying for approval in the US, this could […]