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Following today’s news (Friday 20 September) that Thomas Cook confirms its banks have ordered it to find an additional £200m after the troubled tour operator shares plunge 20%; Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the firm’s current crisis; “Thomas Cook’s current woes are […]
German wind industry loses momentum as onshore wind auction fails to attract investors
Following the announcement that the onshore wind power market in Germany has awarded only 187 megawatt (MW) of new onshore wind capacity against 500 MW that was available in the September auction; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “The flawed auction design and difficulties in obtaining […]
Crown Estate launches round 4, the first major UK auction for offshore wind leases in a decade
Following the recent news (Thursday 19th September) that the Crown Estate will be launching round 4 of offshore wind leases in the UK; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “The Crown Estate, which acts as manager of the seabed in the UK has identified 4 broad […]
North America a solitary bright spot for light vehicle sales as Asia continues to weigh heavily on the market, says GlobalData
Latest global light vehicle sales data for the months of July and August collected by GlobalData shows that the slowdown in light vehicle sales shows no signs of letting up. For the year to date, worldwide sales are down 4.9% to 52.3 million for the eight months. A sales rebound in the US for July […]
Kuwait Petroleum Corp to lead global refinery crude distillation unit capacity additions by 2023
Kuwait Petroleum Corp is expected to lead new-build crude distillation unit (CDU) capacity additions in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 5% to global CDU capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity […]
CATL reaps rewards from Chinese government’s progressive policy on electric vehicles in latest deal
Following the recent news (Wednesday 18 September) that CATL has agreed to supply lithium-ion battery cells to Daimler Trucks and Buses from 2021; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his comments on the deal: “The deal struck between CATL and Daimler Trucks and Buses is another confident move […]
First peanut allergy therapy to receive backing from US regulators unlikely to be a good choice for all patients
Following the recent news that a US Food and Drug Administration (FDA) advisory panel recommended approving the first therapy for peanut allergies; Rose Joachim, Immunology Analyst at GlobalData, a leading data and analytics company, offers her view on the therapy’s future: “The FDA’s Allergenic Products Advisory Committee gave Palforzia a resounding vote of confidence and […]
UK wealth market to decline by 5% in 2019 and 2020 if there is a no deal Brexit
Uncertainty around Brexit and the US-China trade war resulted in a poor performance in the UK wealth market in 2018. This year, uncertainty is continuing and KPMG have recently predicted a 1.5% GDP decline in 2020 if Brexit ends in a no deal, worse than the decline in 2008. If this estimation comes to fruition, […]
US to contribute 40% of global new-build small-scale LNG liquefaction capacity additions by 2023
The US will drive new-build, small-scale liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 40% capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US […]
59% of millennials globally find autonomous delivery appealing
Millennials worldwide are ready to try autonomous delivery, with 59% of consumers finding the concept either very or somewhat appealing, but boomers and the silent generation are yet to be convinced, according to research in 2018 Q3 conducted by GlobalData, a leading data and analytics company. GlobalData’s report, ‘ForeSights: Food Delivery by Drones’, highlighted that drones […]
Burgeoning oncology pipeline increases demand for containment manufacturing, good news for dedicated CMOs investing in containment facilities
The burgeoning oncology pipeline is particularly good news for AMRI, Apeloa, Cambrex, Lonza and Patheon which have multiple containment facilities, according to GlobalData, a leading data and analytics company. There were a total of 1,754 small molecule active pharmaceutical ingredient (API) contract manufacturing facilities included in PharmSource’s API report’s analysis with 29% offering containment capability, […]
Promising novel treatment Brineura set to reach global sales of $358m by 2025
Following the news (Thursday 12 September) that BioMarin’s Brineura (cerliponase alfa) received recommendation by NICE’s Highly Specialised Technology committee; Kajal Jaddoo, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on the drug’s potential: “Brineura has the potential to be commercially successful as currently there is no cure or life-extending treatments for neuronal […]
World Alzheimer’s Day a timely reminder of the urgent need for disease-modifying drugs to tackle slow development
As World Alzheimer’s Day 2019 approaches (21 September), with the aim this year of raising global awareness and understanding of the stigma, stereotypes and myths that surround a dementia diagnosis; Alessio Brunello, Pharma Analyst at GlobalData, comments that: ‘‘Its timely to reflect that no new drug for Alzheimer’s disease (AD) has been approved in the past 17 […]
Apple moves away from raising prices with new iPhone introductions to cater to consumer preferences
Following the news (Tuesday 10 September) that Apple introduced the iPhone 11 and iPhone 11 Pro; Lynnette Luna, Principal Analyst at GlobalData, a leading data and analytics company, offers her view on Apple’s iPhone announcements: “Apple demonstrated that it needs to cater to consumer preferences by cutting the introductory price of the new iPhone 11 […]
Wearable tech poised to increase workforce safety and productivity in oil and gas operations
Oil and gas companies are evaluating the possibilities of deploying wearable devices in day-to-day operations to improve safety and effiency in oilfield operations, says GlobalData, a leading data and analytics company. Initial research is focused on enabling real-time monitoring of field technicians to ensure their safety and in providing them with audiovisual assistance to perform […]
Global hemophilia A and B market set to reach $9.3bn by 2028
The hemophilia A and B market is expected to grow from $7.0bn in 2018 to $9.3bn by 2028 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 2.9%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Hemophilia A and B: Global Drug Forecast and Market […]
Utility-linked smart thermostats to account for 36% of $75bn automated home market by 2025
The automated home market exceeded $23bn in 2018 and is expected to reach $75bn by 2025, at an impressive compound annual growth rate (CAGR) of 18%, according to GlobalData, a leading data and analytics company. GlobalData’s latest theme report, ‘Thematic Research: Automated Home and Utilities’, states that growth will mostly be driven by smart thermostats, […]
Diagnosed prostate cancer cases to reach 0.67 million in the 8MM in 2028
Diagnosed incident cases of prostate cancer in the eight major markets (8MM*) are projected to increase from 0.56 million cases in 2018 to 0.67 million in 2028 at an annual growth rate (AGR) of 1.94%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Prostate Cancer – Epidemiology Forecast Report to 2028’, […]
Outbound GCC travelers spent over US$69bn worldwide in search of memorable and engaging experiences
As one of the largest outbound markets within the global travel industry, the Gulf Cooperation Council (GCC) saw travelers spend over US$69bn worldwide in 2018, an increase of 4.5% from 2017. The area is developing to become a powerful source market for any destination as outbound GCC travelers are seeking more engagement in a wider […]
Alopecia areata market set to be worth $1.7bn by 2028 driven by the launch of JAK inhibitors
The alopecia areata (AA) market is expected to grow from $655.4m in 2018 to $1.7bn by 2028 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 10.2%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Alopecia Areata: Opportunity Analysis and Forecasts to 2028’, found that […]