Decent Work and Growth

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

[New] In North America, high energy costs will drive a strong market growth for energy service and performance contracting, which Frost & Sullivan believes will more than double in size during the next ten years, and finish the decade worth $US19.14 billion.
[New] The global market for advanced driver assistance systems (ADAS) is expected to reach more than $67 billion by 2025, growing more than 10% each year, though automotive sensor growth has been slowed by COVID-19.
[New] Most of the gas demand lost in 2020 is expected to be recovered in 2021, supplemented by growth from the Asia-Pacific region between 2021 and 2025 as emerging markets in China and the rest of Asia recover economically and benefit from attractive gas prices.
[New] The global market for automotive aftermarket fuel additives is anticipated to reach USD 3.1 billion globally by 2024, expanding at a compound annual growth rate of 7.2% over the period 2017-2024.
[New] The EIA already cut its 2020 world oil demand growth forecast by 210,000 barrels per day to 8.32 million bpd.
[New] In Latin America, population and GDP growth, coupled with increasing electrification and industrialisation, are forecast to drive electricity demand by 3.15% per annum to 2030.
[New] Almost 70% of Southeast Asian consumers will go digital by year-end and the growth of digital consumers in Southeast Asia is expected to reach around 310 million by year-end, with millions more expected to join in the coming years.
[New] The global market for micromobility sharing services is expected to experience considerable growth over the coming decade as consumers and governments continue to prioritize the adoption of affordable, low carbon, and congestion-reducing technologies.
[New] The growth in gas demand should be led by Asian countries, in particular China, which could witness 89% growth between 2018 and 2030, as well as Africa, whereas it is expected to decline in the EU.
[New] Even though oil will remain the dominant fuel, its growth in overall global demand is expected to slow down during the 2030s, without it necessarily hitting a peak in overall use.
[New] If the growth rate shows no sign of improvement, generating enough jobs to support a growing population will become India's biggest challenge over the next decade.
[New] China is by far the biggest emerging market for pharmaceuticals, with growth expected to reach USD $175 billion by 2022 as healthcare total expenditures grow at double digit rates.
[New] The global AI software market is forecast to experience massive growth in the coming years, with revenues predicted to increase from around $10 billion U.S. dollars in 2018 to $126 billion in 2025.
[New] In Los Angeles County, rising temperatures combined with population growth could crank up electricity demand during peak summertime hours as much as 51% by 2060 under a high-emissions scenario.
[New] While supply capacity continues to rise, global gas demand is likely to fall by 5 pc in 2020 and demand growth in 2021 and 2022 will be at lower than previously expected levels.
[New] After hitting 17 million oil barrels a day in 2019 (growth of 11% on 2018), US output is projected to reach 20 million barrels a day in 2025 (average annual growth of 3.1%).
[New] Slowing consumption growth and rapid growth in US production will continue to weigh on prices, and limit the effectiveness of OPEC + efforts to increase them.
[New] The precise scale of growth in India's LNG imports over the next five years is subject to uncertainty, and depends on the pace of infrastructure development and the progress of policy reforms, which will impact on the domestic gas production and consumption balance.
The global market for micromobility sharing services revenue is expected to grow from $8.0 billion in 2020 to $30.8 billion by 2030, at a compound annual growth rate of 14.4%.
The global outsourcing services for medical device development market is expected to grow from 30 billion pounds in 2020 to 50 billion pounds by 2025 with a compound annual growth rate of 10.8% for the period of 2020-2025.
The global outsourcing services market for drug and medical device development is expected to grow from 130.5 billion pounds in 2020 to 205.6 billion pounds by 2025 with a compound annual growth rate of 9.5% for the period of 2020-2025.
The global private LTE market size is projected to grow from USD 4 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate of 13.6% during the forecast period.
The military communications market is projected to grow from USD 31.50 billion in 2018 to USD 37.67 billion by 2023, at a compound annual growth rate of 3.6% during the forecast period.

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Last updated: 20 September 2020