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Aerospace, Defense & Security

Squadron 2020 and HX Fighter programs to drive Finland’s defense expenditure, says GlobalData

In response to increased military tensions in the Baltic Sea with Russia, Finland plans to raise its defense spending to EUR3.16bn (US$3.74bn) to modernize the capabilities of its naval and air forces through the Squadron 2020 and HX Fighter programs, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘The Finnish Defense […]

Mining

Global gold output to contract by 1.7% in 2020 due to COVID-19, says GlobalData

The shutting and suspensions of mines due to COVID-19 restrictions, primarily during the second quarter (Q2), is expected to result in a 1.7% decline in the global gold production in 2020. Almost all of the top producers are expected to witness a decline in the production levels during 2020 owing to the pandemic and consequent […]

Oil & Gas

Growth across major Asian economies to drive petrochemicals demand in the region, says GlobalData

COVID-19 pandemic has significantly impacted the global economy in 2020. Growth across key Asian economies is expected to rebound in 2021, as the containment measures and stimulus packages are likely to increase economic activities and drive petrochemicals demand in the region, says GlobalData, a leading data and analytics company. John Paul Somavarapu, Oil and Gas […]

Power

Renewable energy in Chile gets more attractive with its major capacity build-up during 2019-30, says GlobalData

The Chilean renewable market stands to reap the benefits of its renewables’ potential and its intent to lower the price of electricity for the customers. The country has put in gigantic efforts to promote renewable expansion to contribute to its decarbonization plan and achieving the target of attaining carbon neutrality by 2050. The Chilean renewable […]

Medical Devices

Antigen testing crucial in fight against COVID-19 in India, says GlobalData

Arresting the rapid surge in COVID-19 cases in India is crucial and one of the important tools to fight the pandemic is increasing the testing significantly among the general population. Antigen testing could effectively serve the purpose and rule out the asymptomatic and symptomatic carriers of COVID-19 in a cost-effective way with less turnaround time, […]

Power

Offshore wind capable to support Norway’s power export while it remains majorly dependent on hydropower, says GlobalData

Norway has majorly been a net electricity exporter and is amongst the top 10 electricity exporting nations in Europe. Primarily reliant on hydropower, the country is an open electric market and its grid is well integrated with the other Nordic countries namely Sweden, Denmark, Germany and the Netherlands. To further support its electricity export, Norway […]

Oil & Gas

Middle East and Asia to lead global polyethylene terephthalate capacity additions by 2024, says GlobalData

The global polyethylene terephthalate (PET) capacity is poised to see considerable growth over the next five years, potentially increasing from 30.47 million tonnes per annum (mtpa) in 2019 to 35.28 mtpa in 2024, registering a total growth of 16%. Among the regions, the Middle East leads the capacity additions and the region’s polyethylene terephthalate capacity […]

Pharma

SGLT-2 inhibitors likely to be primary growth drivers of branded heart failure treatment market, says GlobalData

Eli Lilly and Boehringer Ingelheim’s (BI’s) Jardiance (empagliflozin) and AstraZeneca’s Farxiga (dapagliflozin) are expected to drive heart failure (HF) market growth and achieve high uptake as cardiologists become more familiar with the sodium-glucose cotransporter-2 inhibitors (SGLT-2I) class, says GlobalData, a leading data and analytics company. At the recently concluded European Society of Cardiology (ESC) Congress […]

Oil & Gas

Asia to lead global ethylene glycol capacity additions by 2024, says GlobalData

Global ethylene glycol (EG) capacity is poised to see considerable growth over the next five years, potentially increasing from 41.80 million tonnes per annum (mtpa) in 2019 to 65.04 mtpa in 2024, registering a total growth of 56%. Among the regions, Asia leads the capacity additions and the region’s ethylene glycol capacity is expected to […]

Power

APAC to lead global wind gearbox and direct-drive equipment markets over next four years, says GlobalData

Asia-Pacific (APAC) is expected to continue to lead the global wind gearbox and direct-drive equipment markets between 2020 and 2024 with a projected market share of 50.7% and 64%, respectively, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Wind Gearbox and Direct-Drive, Update 2020 – Global Market Size, Competitive Landscape and Key Country […]

Pharma

Inovio’s COVID-19 vaccine outcome will affect future of other DNA-based pipeline assets, says GlobalData

Inovio was one of the first of the over 200 companies to enter the pre-clinical development of a prophylactic COVID-19 vaccine (INO-4800), but the progress of any other program threatens Inovio’s success and market capitalization and INO-4800 could contribute up to 90% of Inovio’s revenue in 2022. The success or failure of INO-4800 will have […]

Construction

India’s construction industry to make strong recovery following 14.9% contraction in 2020, says GlobalData

Driven by the unprecedented contraction of 50.3% in real terms in Q2, the Indian construction industry is expected to shrink by 14.9% in 2020. However, despite the prevailing gloomy situation, the industry is expected to post a sharp rebound and grow by 11.6% in 2021, owing to lower base and pent up demand, says GlobalData, […]

Power

China set to overtake US in nuclear capacity by 2026, says GlobalData

China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to GlobalData, a leading research and analytics company. According to GlobalData, over 160GW of fresh nuclear capacity would be added globally between 2020-2030 out of which about 66% of this capacity […]

Travel & Tourism

Government support crucial for revival of tourism industry in India, says GlobalData

Following the news that the Indian Association of Tour Operators (IATO) has urged the government to provide relief to the tourism sector that is in dire straits due to COVID-19; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading data and analytics company, offers his view: “Tourism industry is among the worst […]

Insurance

Heavy reliance on life to slow growth prospects of leading insurers in Japan, says GlobalData

The top 10 Japanese insurers have a strong dependence on the individual life insurance business, which will make them vulnerable to the rising claims and declining investments. This over-reliance on one product will definitely slow down the growth of the insurance industry, says GlobalData, a leading data and analytics company. The leading five players (Nippon […]

Insurance

Italy’s leading insurers vulnerable due to high exposure to life insurance claims, says GlobalData

Among Italy’s’ top ten insurers, eight are heavily reliant on the life insurance domain and could witness a spike in the claims segment. Due to the over-exposure to the claims, Italy’s prominent insurers are therefore likely to witness losses. So, the few players with more diverse segments may consolidate their positions in the coming future, […]

Insurance

Bupa’s growth likely to suffer in short-term due to high exposure to Europe and health insurance market, says GlobalData

Bupa’s high business concentration in Europe and the health insurance market makes it vulnerable to a spike in its claims business, says GlobalData, a leading data and analytics company. According to GlobalData’s report ‘Coronavirus (COVID-19) Company Impact: Bupa’, 56.2% of its premiums in 2018 were in Europe. The UK and Spain are two key markets […]

Aerospace, Defense & Security

South Korean KF-X takes one step closer to reality, says GlobalData

Following the announcement by South Korea’s Defense Acquisition Program Administration (DAPA) that Korean Aerospace Industries Co Ltd. (KAI) would start the final assembly of the Korean Fighter (KF-X) prototype; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “KAI’s development of the first prototype will take […]

Aerospace, Defense & Security

Hanwha Defense strengthens foothold in Australia with preferred bidder status for SPH program, says GlobalData

Following the announcement that Hanwha Defense has been selected as the preferred bidder for Australia’s Self-Propelled Howitzer (SPH) project; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Hanwha Defense’s announcement confirms a steady progress the company is making in growing its foothold in Australia. At […]

Insurance

Saudi insurers struggling with solvency and decline in policy sales due to COVID-19, says GlobalData

The ongoing consolidation in the insurance industry is likely to accelerate due to COVID-19 as the insurers continue to struggle. With lower profit margins and heavy losses, the pandemic is expected to add to the woes in the solvency position of the Saudi insurers, says GlobalData, a leading data and analytics company. GlobalData expects the […]

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Squadron 2020 and HX Fighter programs to drive Finland’s defense expenditure, says GlobalData

Global gold output to contract by 1.7% in 2020 due to COVID-19, says GlobalData

Growth across major Asian economies to drive petrochemicals demand in the region, says GlobalData

Renewable energy in Chile gets more attractive with its major capacity build-up during 2019-30, says GlobalData

Antigen testing crucial in fight against COVID-19 in India, says GlobalData

Offshore wind capable to support Norway’s power export while it remains majorly dependent on hydropower, says GlobalData

Middle East and Asia to lead global polyethylene terephthalate capacity additions by 2024, says GlobalData

SGLT-2 inhibitors likely to be primary growth drivers of branded heart failure treatment market, says GlobalData

Asia to lead global ethylene glycol capacity additions by 2024, says GlobalData

APAC to lead global wind gearbox and direct-drive equipment markets over next four years, says GlobalData

Inovio’s COVID-19 vaccine outcome will affect future of other DNA-based pipeline assets, says GlobalData

India’s construction industry to make strong recovery following 14.9% contraction in 2020, says GlobalData

China set to overtake US in nuclear capacity by 2026, says GlobalData

Government support crucial for revival of tourism industry in India, says GlobalData

Heavy reliance on life to slow growth prospects of leading insurers in Japan, says GlobalData

Italy’s leading insurers vulnerable due to high exposure to life insurance claims, says GlobalData

Bupa’s growth likely to suffer in short-term due to high exposure to Europe and health insurance market, says GlobalData

South Korean KF-X takes one step closer to reality, says GlobalData

Hanwha Defense strengthens foothold in Australia with preferred bidder status for SPH program, says GlobalData

Saudi insurers struggling with solvency and decline in policy sales due to COVID-19, says GlobalData

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