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The Indian transmission infrastructure is likely to grow by over 25% between 2020 and 2025, mainly driven by the rapid growth in the renewable capacity which has seen limited expansion due to lack of infrastructure, says GlobalData, a leading data and analytics company. According to GlobalData’s estimates, the Indian power transmission infrastructure would need an […]
India’s CMO market emerges as hotbed for global private equity investment, says GlobalData
India’s contract manufacturing organization (CMO) and pharma market has strongly attracted investment from global private equity firms in recent times, driven by favorable government policies and a thriving generic drugs market, says GlobalData, a leading data and analytics company. In July 2020, US-based Advent International agreed to acquire a controlling stake in RA Chem Pharma […]
Indonesian geothermal sector to benefit from newly proposed renewable energy reforms, says GlobalData
Indonesia is preparing a presidential regulation on renewable energy pricing to gain the investors’ trust in the clean energy sector. The move benefits the Indonesian renewable energy landscape, particularly the geothermal sector, says GlobalData, a leading data and analytics company. According to GlobalData, renewables (including small hydro) formed 6.8% of the overall installation in the […]
Asia to lead global refinery fluid catalytic cracking units’ capacity growth by 2024, says GlobalData
Asia is expected to lead the global refinery fluid catalytic cracking units’ (FCCU) capacity growth, contributing about 45% of the total global capacity growth by 2024. The region is likely to add 542 thousand barrels per day (mbd) of FCCU capacity by 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery […]
China to dominate Asian refinery fluid catalytic cracking units capacity growth by 2024, says GlobalData
China is expected to lead Asia’s refinery fluid catalytic cracking units’ (FCCU) capacity growth, with about 89% of the region’s total capacity growth by 2024. China is likely to add more than 480 thousand barrels per day (mbd) of FCCU capacity by 2024, says GlobalData, a leading data and analytics company. GlobalData’s report,‘ Global Refinery […]
China to dominate Asian refinery coking units’ capacity growth by 2024, says GlobalData
China is expected to lead Asia’s refinery coking units’ capacity growth, contributing about 94% of the region’s total capacity growth by 2024. The country is likely to add 351 thousand barrels per day (mbd) of coking capacity by 2024, says GlobalData, a leading data and analytics company. GlobalData’s report,‘Global Refinery Coking Units Outlook to 2024 […]
Battlespace reconnaissance and information superiority major drivers for global military EO/IR systems market, says GlobalData
The increasing focus on information superiority by militaries and situational awareness is leading to the procurement of military electro-optical/infrared (EO/IR) systems worldwide. Additionally, the increased demand for battlespace reconnaissance and greater adoption on airborne platforms such as unmanned aerial vehicles (UAV), fighter aircrafts, helicopters, among others are the major factors driving the military electro-optics/infrared systems […]
Reliance Group set to emerge as the leader in the Indian retail landscape, says GlobalData
Reliance Industries Limited (RIL) is grabbing every single opportunity, be it collaborating with technology companies, acquiring leading retailers or adding physical stores or its entry into the online retail space for gaining access to advanced technologies, to gain a dominant position in the Indian retail landscape, says GlobalData, a leading data and analytics company. Reliance […]
Amid COVID-19, Electricity (Amendment) Bill offers opportunity to transform Indian electricity system, says GlobalData
In April 2020, amid the COVID-19, the Ministry of Power (MoP) proposed amendments to the Electricity Act of 2003 as a Draft Electricity (Amendment) Bill 2020. The bill incorporates the National Renewable Energy Policy (NREP), which is likely to push the generation of electricity from renewable sources of energy and prescribe a minimum percentage of […]
India’s affordable COVID-19 health insurance to close healthcare provisions’ gap, says GlobalData
Short-term health insurance plans have been specifically designed in India to cover the costs of COVID-19 treatments and are set to encourage more citizens to access this healthcare provision, says GlobalData, a leading data and analytics company. According to GlobalData’s 2019 Global Banking and Payments Survey in January 2020, private health insurance uptake in India […]
Amid COVID-19, Saudi Electric offers support to consumers to boost economic activity, says GlobalData
COVID-19 has negatively impacted companies across all industries. However, power utilities have been quick to adapt to the situation and ensure business continuity. Currently, customer relation management and brand perception are expected to be of utmost important for the utilities to hold on to their customer base. In a similar effort, the Saudi Electric Company […]
‘Million Jobs Plan’ advocates creation of significant green employment and proposes to aid Australia’s clean energy transition post-COVID-19, says GlobalData
Beyond Zero Emissions’ (BZE’s) ‘Million Jobs Plan’ is expected to restructure Australia’s economy and create 1.8 million fresh employment opportunities over the next five years within the renewable sector. It further incorporates in-depth analysis and policy suggestions for better buildings, manufacturing and mining, transport, resource recuperation, land use, education training, research and zero-carbon communities, all […]
Rising refinery utilization in India provides glimmer of hope despite devastating impact of COVID-19, says GlobalData
COVID-19 heavily impacted the key end-use segments such as transportation and manufacturing sectors among others, hitting the demand for fuel products in India. This forced the Indian refiners to re-align their operating models and supply chain cycles to ensure business continuity. Despite all these, the gradual appreciation of refinery utilization is likely to enable the […]
South Korea turns to AI and 5G to revive economy from COVID-19 induced slump, says GlobalData
South Korea announced a project ‘New Deal’ in June 2020 to revive the country’s economy by focusing on digitalization. Technologies such as 5G network and artificial intelligence (AI) are set to become the key players in supporting Korea’s economic recovery plan and placing the country among the leading technology countries post-COVID-19, says GlobalData, a leading […]
Higher precedence for solar PV to act as catalyst in New Zealand’s carbon mitigation plan towards achieving carbon neutrality by 2050, says GlobalData
The New Zealand government announced solar installations across six of its institutional campuses, utilizing the NZ$200m clean-powered public service fund. The ventures are to be introduced across selected universities, government and defense buildings, significantly diminishing their carbon footprint. This acts as a predicted step to the broader objectives of accomplishing the 2050 net zero carbon […]
Apparel continues to be worst hit retail segment by COVID-19 pandemic, says GlobalData
The apparel segment continues to be the worst hit in retail due to COVID-19 as store closures and virus-wary consumers’ have severely dented the seasonal spending. Furthermore, the rising unemployment and threat of a global recession will exacerbate the contraction of the consumers’ expenditure on apparel. As predicted, the pent-up demand is coming mainly from […]
Hong Kong insurance industry to stagnate in 2020 due to COVID-19, says GlobalData
Hong Kong’s HKD552bn (US$66bn) insurance industry is set to register a lower growth in 2020 due to the economic impact of COVID-19 outbreak. The total insurance premium, which grew by 6.3% in 2019, is expected to grow by 1.46% in 2020, says GlobalData, a leading data and analytics company. The Hong Kong insurance industry is […]
Major APAC economies to recover marginally in second half of 2020 with unlocking initiatives, says GlobalData
Major Asia-Pacific (APAC) countries have been partially successful in containing the spread of the contagious COVID-19 and had started opening up the economies in phases. Since mid-May 2020, partial restoration of business activities had resulted in a slowdown in the intensity of job losses and recovery is expected to gain momentum during the remaining part […]
Fixed broadband segment to drive growth of overall fixed communication revenues in Japan over 2019-2024, says GlobalData
Higher than anticipated growth in fixed broadband revenues will help the overall fixed communication services market in Japan to post revenues of US$47bn in 2020 amidst the COVID-19 crisis, which is expected to reach US$48bn by 2024, according to revised forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence […]
Indian Navy carries on sustainability tasks with its largest solar plant inauguration, says GlobalData
Following the news that the Indian Navy inaugurated its largest solar power plant with a capacity of 3 MW in Kerala; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Sustainability is a trend that has been in the focus of militaries across the world with […]