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Indonesia Wind Power Market Outlook to 2030

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Even as the wind power generation technology is now relatively advanced, the industry is reaching a stage of maturity in the key markets, with some other markets still evolving. In 2019, around 60.4 GW of new wind power capacity was added globally, making it the second-largest year in history and close to the largest year in 2015 (63.8 GW), bringing global cumulative wind power capacity up to 651 GW. The massive wind turbine installation was primarily the result of a strong year in both China and the US – the world’s two largest markets ahead of the expiry of Feed-in Tariffs (FiT) for onshore in the first country and the PTC (extended until the end of 2020 in Dec 2019) in the second. Blackridge Research’s Indonesia Wind Power Market Outlook report provides comprehensive market analysis on the historical development and targets, the current state of wind power installation scenario, and its outlook.

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The insights in the research report – market data, policies and regulations, project data, company profiles, and competitive landscape analysis – have been derived primarily from our proprietary databases, and offerings – Wind Intelligence Huband Project Tracker Service. The report discusses the impact of the ongoing COVID-19 pandemic on the wind power market, economic trends, and investment & financing scenario in Indonesia. It gives insights into the market dynamics and the challenges of wind power development in the country. It also comprises significant market development trends and highlights how the socio-economic, environmental, and political factors affect the nation’s wind market.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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Fungal Keratitis Treatment Market Sector Analysis Report, Regional Outlook

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The Fungal Keratitis Treatment market was valued at approximately USD 702.31 million in 2020 and is expected to witness a revenue of USD 962.94 million in 2026, with a CAGR of 5.79% over the forecast period.

The COVID-19 pandemic is anticipated to impact the growth of the Fungal Keratitis Treatment market significantly. The outbreak of pandemic has led most of the major players involved in research and development activities to halt the clinical trials related to drug development. Additionally, in March 2020, the Centers for Disease Control and Prevention and the American Academy of Ophthalmology recommended that physicians, including ophthalmologists, should limit in-person care to urgent and emergent patients while assuming the use of appropriate personal protective equipment. Also, it is estimated that there was a nearly 80% initial decrease in ophthalmology visits and that as of mid-June there was still a cumulative decrease in ophthalmology visits of 40% in the United States. This is likely to have a negative impact on the market studied.

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The growing burden of fungal keratitis and product development is expected to fuel the fungal keratitis treatment market growth. According to the article “Global Epidemiology of Fungal Keratitis and Its Outcomes” published in January 2021, researchers estimated that the annual global incidence of fungal keratitis to be approximately 1 million cases, with 8% to 11% of patients losing an eye. The risk factors associated with fungal keratitis are trauma, contact lens use, topical corticosteroid use, Diabetes mellitus, and low socioeconomic status. Incidental ocular trauma is undoubtedly the most common risk factor for fungal keratitis. Additionally, several efforts are being made to develop and find new therapeutics for fungal keratitis. For instance, in September 2018, L.V. Prasad Eye Institute, India completed the Phase 2/Phase 3 study on Combination Treatment of 5% Natamycin and 1% Voriconazole in Fungal Keratitis with the randomized double-masked clinical trial. The research institute is likely to initiate the Phase IV trials in 2021. Thus, the positive outcomes of such trials may result in a new treatment that is likely to boost the market growth in the upcoming period.

Also, as of 2021, Aravind Eye Care System, India is investigating a randomized control trial with topical anti-fungal therapy to assess the visual and clinical outcomes of collagen cross-linking in fungal keratitis. The study is aimed at finding the role of corneal cross-linking in non-resolving fungal keratitis in the prevention of perforation and enhancement of the healing process Thus, owing to the aforementioned factors, the studied market is expected to contribute to the market growth, however, loss of patents of product and side effects of the fungal keratitis treatment is likely to hinder the growth of the market over upcoming years.

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Hydroxyl Terminated Polybutadiene Market: key Vendors, Trends, Analysis

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The market for hydroxyl terminated polybutadiene is expected to grow at a CAGR of 3% globally during the forecast period. Growing demand from the construction industry along with increasing demand from the aerospace & defense industry are driving the market growth. On the flip side, higher production costs coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

– The hydroxyl terminated polybutadiene market is expected to grow during the forecast period owing to the growing demand from the construction industry.
– Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as India and China.

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Key Market Trends

Growing Demand from the Construction Industry

– Hydroxyl-terminated polybutadiene is used in the formulation of adhesives and sealants which are used in the insulated glass sealants, waterproofing, and other sealing applications. It is used in the formulation of polyurethane foam, which is used for efficient insulation by sealing gaps and air leaks, thereby maintaining the interior temperature and reducing energy consumption.
– Moreover, the construction industry in the United States continued to expand in the future, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings.

– The growing urbanization and construction activities are expected to drive the market for hydroxyl-terminated polybutadiene during the forecast period.

Asia-Pacific Region to Dominate the Market

– Asia-Pacific region is expected to dominate the market for hydroxyl-terminated polybutadiene during the forecast period due to the increasing demand from countries like India and China.
– Hydroxyl-terminated polybutadiene is used as in the encapsulants or potting compounds in the electrical and electronics industry. Apart from electronics, hydroxyl-terminated polybutadiene, based sealants are used in the automobile industry for sealing headlamps, speakers, bumper, and damping material. With China and India being a leading manufacturer in the automotive industry with a total production of about 30.2 million vehicles for the year 2019, with a decrease of 7.5% and 12% in production, respectively. However, the growing green initiatives combined with the success of electrical and hybrid vehicles are expected to drive the market.
– Hydroxyl-terminated polybutadiene is used in the formulation of solid rocket propellants for binding fuel and oxidizing agent. The growing space explorations from countries like China and India are expected to drive the market during the forecast period.

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Sri Lanka Lubricants Market – Profiling Global Players Industry Developments, Outlook

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The market for Sri Lanka Lubricants is expected to grow at a CAGR of more than 2% during the forecast period. Increasing usage of lubricants in automobiles and other reasons are driving the market growth.
Decreasing mining and construction activities and the Impact of COVID-19 which in turn is expected to hinder the market growth.

Key Market Trends

Growing Demand for Heavy Equipment from Agriculture Segment

– Sri Lanka, though a small nation, is reasonably endowed with industrial minerals but not with metallic and energy minerals. Sri Lanka’s mining industry majorly focuses on ceramic raw materials, construction materials, fertilizer materials, graphite, and other materials.

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– Tractor, Cultivator, Plows, Harrows, Seed Drills, Transplanter, and others are the common farming equipment that are being used for agriculture purposes. These types of heavy machinery need lubricants for continuous smooth functioning and efficient farming activities.
– The Sri Lankan government introduced Three year National Food Production Programme in 2016 that mainly focuses on increased production of crops locally, minimum food imports, and others. These factors have resulted in the growth of the agriculture segment in the country.

– Overall, LKR. 1.7 billion has been allocated in 2019 for agriculture sector modernization programs that enhance technologies and agricultural infrastructure.
– According to the Department of Census & Statistics Sri Lanka, agriculture production has witnessed highs and lows in recent years. The impact of COVID-19 on this region is one the main reasons in declining the usage of farming technologies and production of various agriculture machineries in recent times.

Expansions in Lubricant Production and other Manufacturing Activities

– During the year 2018, a total of 4,442.3 Kilo Liters of Lubricants were exported to regional markets around Sri Lanka. Chevron Ceylon Limited, Indian Oil Corporation Limited, Shell Markets (Middle East) Limited, and ExxonMobil Asia Pacific Pte. Limited are the major exporters to other regions.
– Leading companies such as Chevron Ceylon Limited, IOC, and Laugfs Holdings Limited have blending plants in Sri Lanka that offer products for both the automobile, industrial sectors, with export capabilities to other regions.
– Recently, another world-leading lubricant company Hyrax Oil Sdn opened a lubricant plant in Sri Lanka in 2019 in collaboration with the Ceylon Petroleum Corp. which can increase the supply of lubricants.

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Generative Design Market Analysis Covering Size, Share, Growth, Trends

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The Generative Design Market is expected to register a CAGR of greater than 15% during the forecast period (2020 – 2025). The upcoming trend of designing toolset with machine learning capabilities contributes to the growth of the market studied. Significant investments made during 2019, aimed at empowering designers to reduce the number of errors, thereby saving considerable time are expected to produce results in the future. ​

– Owing to the growing demand for advanced manufacturing with complex designs, and the need to reduce the size while improving the performance of automotive compels automotive manufacturers to increase their R&D investments and adopt generative designing.

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– Companies such as Airbus, Black & Decker, Under Armour, and other massive corporations embrace generative design as a trend molding the future of the engineering industry. It enables engineers to hand the reins off to their CAD software to naturally find the best solutions to a given set of constraints. It augments the engineer’s imagination.

Key Market Trends

Automotive To Hold Significant Share

– The growing trend of lightweight vehicle product has generated demand for generative design technology. In 2019, Volkswagen Group unveiled a vintage VW Microbus, which is retrofitted with several reconceptualized components produced by generative design technology. VW is promoting this vehicle to highlight technologies they believe would be significant to the future of automotive design and manufacturing, particularly concerning electric vehicle production. Autodesk partnered with VW’s Innovation and Engineering Center, California (IECC) on this project to maximize its strength while minimizing its weight. The generative design was deployed to produce lighter-weight parts by reducing mass and material use while maintaining high-performance standards and engineering constraints.
– Also, in January 2020, Electric vehicle company Arcimoto Inc announced that it is working with XponentialWorks and ParaMatters to design and additively manufacture lightweight components for its Fun Utility Vehicle (FUV). Deploying ParaMatters’ AI-powered generative design software, several elements are being redesigned in order to generate alternative parts that carry much of the same performance characteristics but at a lighter weight.
– Weight reduction has become a critical concern for electric vehicle efficiency as the less an automobile weighs, the less energy is required to propel down the road. More efficient energy consumption equates to more excellent range per charge, which is one of the most important considerations for consumers when evaluating electric vehicles.

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Voice Cloning Market: Dynamics, Segments, Size and Demand Analysis

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The voice cloning market is expected to grow at 17.2% CAGR during the forecast period of 2020-2025. Voice cloning is the technology to create someone’s voice synthetically. The voice cloning solutions and services allow users to generate the computerized version of their voice. These solutions synthesize someone’s voice from a few audio samples. Voice cloning is done with the help of artificial intelligence (AI) and machine learning algorithms.

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– Enterprises are focusing on enhancing their customer experiences by introducing a familiar voice on the products and services they provide. By using these solutions, businesses can form significant long-term relationships with customers by providing them with a considerably better customer experience. Technology providers are also adopting cutting-edge technologies for developing efficient voice cloning solutions. For example, in 2019, Deepsync Technologies, an Indian technology startup, has embarked on a journey to leverage artificial intelligence to create audio content through voice cloning.
– A voice cloning procedure typically needs a couple of hours of recorded speech to build a dataset and then to use the dataset to train a new model. With the increasing adoption of AI & machine learning solutions, the developers are putting in their effort to reduce the time taken to complete a voice cloning process. For instance, in 2019, a new Github project introduces a real-time voice cloning toolbox, enabling a user to clone a voice in a timeframe of five seconds of sample audio.

Key Market Trends

Solutions Segment is Expected to Grow at a Significant Rate Over the Forecast Period

– The voice cloning solutions segment has observed a significant growth in recent years owing to the increasing adoption of cloned voice services in education, healthcare, BFSI, media & entertainment, retail, and other potential industries.
– CereProc, a voice cloning technology provider, is providing CereVoice Me, an online voice cloning solution allowing the users to create a computer version of their voice. The developers of this cutting-edge technology-enabled solution have simplified CereProc’s text-to-speech voice creation process, allowing the users to carry out recordings in their own home in as little as a couple of hours.
– Typical voice cloning methods require a significantly large amount of recorded speech and extensive post-production work. This gives outstanding results, but it is expensive and time-consuming, which is a barrier for those with the need for a TTS voice that sounds like a cloned voice. Several technology vendors in the market are making voice cloning accessible to potential end-users. These solutions are especially useful for voice banking.

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