The final rites of the former Prime Minister of India, Dr. Manmohan Singh, were held on 28th December 2024, with full state honors. The nation grieves for the loss of an exceptional leader and, the government has declared a seven-day mourning. The statesman played a pivotal role in driving the modern India's transformation. The leader has been the silent force in establishing crucial global partnerships and domestic reforms. The politician secured the top position for two challenging tenures, guiding the country to stability and security. Among his various contributions to the nation, owing to his dynamic career trajectory, the ones with the most substantial impact included the strategic partnership with the US, the bilateral ties with Russia, and the array of economic reforms. Dr. Sing...

Cancer is among the greatest concerns of the global population. According to the World Cancer Research Fund, a total of 19,976,499 cases of cancer were diagnosed in 2022. The age-standardized rate for all cancers for men and women combined was 196.9 per 100,000. The rate was higher for men (212.6 per 100,000) than women (186.3 per 100,000). Russia ranks fifth in the global cancer incidence in both sexes (including non-melanoma skin cancer). According to the Global Cancer Observatory, the total number of new cancer cases reported by the Russian Federation, in 2022, was 635,560. Of these, 301,496 cases were reported in males, and 334,064 cases were reported in females. The top three leading cancers (ranked by cases) include lung, prostate, colorectum, and breast, colorectum, and corpus ut...

The global explosion-proof lighting market is anticipated to grow at a CAGR of around 6.7% during the forecast period (2024-2031). Market growth is driven by stringent regulations that ensure the safety of workers in remote and hazardous work environments. The rising applications in end-user industries such as oil & gas, mining, marine, food & beverages, transportation, chemical & pharmaceuticals, among others, are contributing to the market growth. Moreover, the rapid transition from traditional light systems to connected lighting solutions coupled with high efficiency and low maintenance, and volatility in raw material cost for lighting systems are the factors promoting the use of explosion-proof lighting for various applications. However, the high initial cost of explosion-proof ligh...

Semiconductors have been critical to various sectors over the years. The applications include tech industries, electronics sub-systems, semiconductor devices, equipment & materials, and EDA&IP, among others. However, the market peaked in 2022, in an attempt to ease out the global chip shortage. The growing investments in R&D had additionally contributed to the trend, with the US semiconductor companies investing roughly one-fifth of annual revenue in R&D — amounting to a record $50.2 billion in 2021. However, the second half of the year witnessed a slowdown in the semiconductor sales. The trend was expected to continue in 2023. Even so, the pattern is consistent with the semiconductor industry's predictable cycle, providing a positive outlook for experts. The semiconductor device market...

The European solar supply chain has been immensely dependent on inverter manufacturing. In 2023, more than 80 GW of inverters were manufactured in the region, of which 86% were string inverters. The European Secretariat in association with the SolarPower Europe Board highlighted the importance of reinforcing the manufacturing base for solar inverters in the region. This is attributed to the increasing price pressure on the manufacturers. Manufacturers are forced to discount their prices owing to rising global competition. The string inverters have major applications in rooftop PV systems in residential and small-scale commercial facilities. However, the global manufacturing overcapacity and a slowdown in rooftop PV adoption are challenging the regional market growth. Inverters are criti...

The global Enhanced Oil Recovery (EOR) market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). The market growth is driven by the rising global energy demand, owing to population expansion, industrialization, and urban development. Additionally, the rising concern of depleting conventional oil reserves is increasing reliance on EOR techniques to optimize production. Furthermore, technological advancements, stringent environmental regulations, and the demand for sustainable energy solutions are promoting the adoption of technologies that mitigate the environmental impact of oil extraction, driving market demand. The changing geopolitical landscape and fluctuations in oil prices are the macroeconomic factors contributing to market growth. Thus, the governme...

The global aircraft adhesive market is anticipated to grow at a considerable CAGR of 7.8% by 2031. The market growth is driven by the increasing penetration of composites in aircraft manufacturing. Furthermore, the use of combined carbon nanotubes and nano additives with epoxy adhesives will provide a considerable opportunity for the growth of the market. Additionally, the increasing government spending on defense is contributing significantly to the market growth. According to the International Monetary Fund (IMF), the outlay of the military expenditure in small countries has increased to 5% of GDP, however, the spending in developing countries has fallen to lower levels. The union budget allocated INR 6,21,940.8 crore ($75 billion), to the Ministry of Defence (MoD), which is the highe...

Environmental concerns are on the rise. This promotes the adoption of carbon-neutral technologies. Fuel Cell Vehicles (FCVs) are one such prominent discovery. The fuel cell vehicle market is anticipated to grow at an exponential CAGR of 52.2% in 2031. FCVs are also known as Fuel Cell Electric Vehicles (FCEVs). The increasing R&D in the field drives market growth. Additionally, government initiatives are significantly contributing to market growth. For instance, in November 2024, the Federal Ministry for Digital and Transport (BMDV) and the federal states of Baden-Württemberg and Rhineland-Palatinate provided funding of €226 million ($245.3 million) to Daimler Truck Holding AG for the development, small-series production, and customer deployment (operation and maintenance) of 100 fuel ce...

The electrolyzer market is anticipated to grow as the investments in low-emission hydrogen accelerate. The market growth is estimated at a significant CAGR of 22.7% by 2031. According to IEA’s Global Hydrogen Review 2024, the total electrolyzer capacity to reach the final investment decision totaled 20 gigawatts (GW) globally. China accounts for more than 40% of the total electrolyzer capacity to reach the final investment decision in the past year, which accounted for 6 GW. The country homes 60% of global electrolyzer manufacturing capacity, at a 25 GW per year average deployment rate globally. The market growth is driven by the growing utilization of hydrogen as a green fuel, owing to the rising support for reducing the carbon footprint in different sectors such as transportation, ele...

The utilization of Unmanned Aerial Vehicles (UAVs) in defense is transforming warfare. UAVs are critical to all three pillars of defense, namely, the Army, Navy, and Air Force. Forces are increasingly adopting unmanned, uncrewed, and remotely controlled or autonomous vehicles for military uses. The various army applications of UAVs include Information, Surveillance, Target Acquisition, and Reconnaissance (ISTAR), Unmanned Combat Aerial Vehicles (UCAV), radar and communication relay, mapping military logistics, and nuclear cloud surveillance. Thus, nations around the globe are building on their drone capabilities to guard their borders and provide strong support in instances of clashes. Hence, the two rancor states in the South- Asia- India and Pakistan are focusing on drone capabilities...