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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 […]

Travel & Tourism

Opening of borders, bars in Goa should be seen as dipstick study before peak tourism season, says GlobalData

Following the news that Goa (India) has lifted the restrictions on the movement of people in and out of the state and has allowed the reopening of bars; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “While some may cite the growing number of […]

Retail

Battle of mergers and consolidation intensifies in India’s retail market, says GlobalData

The Indian retail market is expected grow and reach US$1.4 trillion by 2023 at a compound annual growth rate (CAGR) of 10.7% between 2020-2023. Following the acquisition of Flipkart by Walmart in 2018, the fast-growing and lucrative market has been buzzing over the past few weeks with talks of mergers, acquisitions, billion-dollar investments and moving […]

Aerospace, Defense & Security

No slowdown in South Korea’s defense budget, seeks KRW52.9 trillion for 2021, says GlobalData

Following the news that the Republic of Korea plans to expand its defense budget to KRW52.9 trillion at a rate of 5.5%; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “GlobalData’s report, ‘South Korean Defense Market – Attractiveness, Competitive Landscape and Forecast to 2025’, forecasts […]

Retail

COVID-19 to act as catalyst for online retail pharmacy growth in India, says GlobalData

Online pharmacy retail in India has not achieved the success anticipated at its inception. Despite operating for years in India, online retailers have not been able to get hold of the large unorganised pharmacy retail business due to lack of clear operating guidelines and understanding of the factors that have hurt the sector. However, COVID-19 […]

Power

Success of proposed Australian-ASEAN Power Link crucial to make Australia solar energy super-power, says GlobalData

Australia granted a ‘Major Project’ status to Sun Cable’s US$15.8bn proposed Australian-ASEAN Power Link (AAPL) that could mark Australia as the leading exporter of power generation from solar PV. The venture highlights a 4,500km high voltage direct current (HVDC) transmission framework, connecting a 10GW solar and 30GWh storage facility near Darwin, Australia, with Singapore. The […]

Power

Taiwan offshore wind market set to grow multifold with energy transition towards sustainable power mix goal, says GlobalData

Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel generation and build a cleaner sustainable power generation mixture. Taiwan is estimated to build around 15GW of offshore wind capacity by end of 2035, says GlobalData, a leading data and analytics company. The offshore wind segment has become […]

Consumer

With Bournvita Fills launch Mondelez looks to garner positive consumer sentiments in India, says GlobalData

Following the news that Mondelez India has forayed into the breakfast cereals space with the launch of Bournvita Fills by Mondelez India Foods Private Limited; Nabila Azmatulla, Consumer Project Manager at GlobalData, a leading data and analytics company, offers her view: “The breakfast cereals category is driven by busy lifestyles of the urban Indian population, […]

Oil & Gas

Brazil dominates global deployment of upcoming FPSOs, says GlobalData

A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global FPSO Industry Outlook, 2020−2025 – Petrobras Drives Global Upcoming FPSO […]

Oil & Gas

Refiners in US grapple with loss of fuel demand and COVID-19 outbreak, says GlobalData

The demand for gasoline and jet fuel has taken a hit as a result of nation-wide lockdown across the US since late March 2020 due to the COVID-19 pandemic. Piling up of stocks caused challenges in the form of mounting inventory costs while storage concerns of refined products with shorter shelf life added additional strain […]

Pharma

Japan experiencing higher second wave of COVID-19 cases due to opening of economy too soon, says GlobalData

Japan is now experiencing a second wave that is much larger than the first after having COVID-19 under control for over a month. The country kept economic considerations a priority in its response to COVID-19 and fully re-opened by June 2020, a month after the first wave, which is now thought to have been too […]

Power

China to account for over 25% global offshore wind power capacity by 2030, says GlobalData

The global offshore wind segment is likely to grow seven folds by 2030 mainly driven by capacity additions from three major markets, China, the UK and the US. China will lead the race with more than 25% of the new offshore wind capacity expected to be added by 2030, followed by the UK (16%) and […]

Travel & Tourism

Thailand unveils Phuket tourism pilot to open other destinations before peak season, says GlobalData

Following the news that Thailand will allow long-stay international tourists in the island of Phuket from October 2020 as a pilot program; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “It shows that Thailand is keen on opening the other destinations as well prior […]

Construction

Singapore construction industry to post V-shaped recovery in 2021, says GlobalData

The Singaporean construction industry is expected to post a V-shaped recovery in 2021 with the industry rebounding to post a growth of 11.2%, measured at constant 2017 US dollar exchange rates, following the sharp contraction of 17.8% in 2020. Thereafter, the industry is expected to grow at an annual average rate of 2.7% over the […]

Mining

Global bauxite supply to be marginally affected amidst COVID-19 measures, says GlobalData

The global bauxite mine production is expected to be marginally affected by the temporary suspension of mines due to the COVID-19 pandemic and is forecast to decline by just 0.1% to 344Mt in 2020, says GlobalData, a leading data and analytics company. Production in Australia is expected to increase by 1.9% to 107.2kt in 2020, […]

Power

Right time for nuclear to play extended role along with renewables to deliver clean energy system, says GlobalData

With the world looking to consolidate ventures in cleaner and greener electricity sources post-COVID-29 pandemic phase, electricity from nuclear sources offer an option. The World Nuclear Association in its study states the opportunity for governments to invest in nuclear energy, which addresses the COVID-19 crisis and manages issues such as climate change, air pollution and […]

Construction

Philippines construction industry to reach US$75.1bn in 2024, says GlobalData

The Philippines construction industry, which was the fastest growing in the Asia-Pacific (APAC) region prior to the COVID-19 outbreak, has been devastated by the COVID-19 and is expected to post a sharp contraction of 9.2% in 2020. However, the industry is expected to bounce back strongly in 2021 and grow at an annual average rate […]

Banking

UK lenders optimistic for post-COVID-19 business with rise in consumer confidence, says GlobalData

Rising consumer confidence and higher disposable income are likely to lead to a resurgence in borrowing and spending, though threats of unemployment and a second wave of COVID-19 still looms, says GlobalData, a leading data and analytics company. Recent data from GlobalData’s UK Sentiment Tracker has shown that consumer confidence in the UK has started […]

Pharma

Hodgkin’s lymphoma market to suffer with Adcetris patent expiry but benefit from new competitive landscape, says GlobalData

Adcetris is the market-leading drug in the world’s 7MM* (US, 5EU and Japan) and the main contributor to the market growth in Hodgkin’s lymphoma (HL) over the recent years. The initial patent expiry in the US in 2024 is expected to lead to stagnation in this currently growing market. However, this could be compensated by […]

Automotive

China’s automotive industry bounce-back good news for global auto sector, says GlobalData

Following the news that the recovery in China’s auto sector is continuing with the vehicle production increasing by 11.2% year-on-year in the first ten days of August 2020, according to the data published by the China Association of Automobile Manufacturers (CAAM); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his […]

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

Opening of borders, bars in Goa should be seen as dipstick study before peak tourism season, says GlobalData

Battle of mergers and consolidation intensifies in India’s retail market, says GlobalData

No slowdown in South Korea’s defense budget, seeks KRW52.9 trillion for 2021, says GlobalData

COVID-19 to act as catalyst for online retail pharmacy growth in India, says GlobalData

Success of proposed Australian-ASEAN Power Link crucial to make Australia solar energy super-power, says GlobalData

Taiwan offshore wind market set to grow multifold with energy transition towards sustainable power mix goal, says GlobalData

With Bournvita Fills launch Mondelez looks to garner positive consumer sentiments in India, says GlobalData

Brazil dominates global deployment of upcoming FPSOs, says GlobalData

Refiners in US grapple with loss of fuel demand and COVID-19 outbreak, says GlobalData

Japan experiencing higher second wave of COVID-19 cases due to opening of economy too soon, says GlobalData

China to account for over 25% global offshore wind power capacity by 2030, says GlobalData

Thailand unveils Phuket tourism pilot to open other destinations before peak season, says GlobalData

Singapore construction industry to post V-shaped recovery in 2021, says GlobalData

Global bauxite supply to be marginally affected amidst COVID-19 measures, says GlobalData

Right time for nuclear to play extended role along with renewables to deliver clean energy system, says GlobalData

Philippines construction industry to reach US$75.1bn in 2024, says GlobalData

UK lenders optimistic for post-COVID-19 business with rise in consumer confidence, says GlobalData

Hodgkin’s lymphoma market to suffer with Adcetris patent expiry but benefit from new competitive landscape, says GlobalData

China’s automotive industry bounce-back good news for global auto sector, says GlobalData

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