Healthtech

• [New] Offshore renewable energy is one of the most promising routes to increase future power generation in the coming years in a way that meets Europe's decarbonisation objectives and expected rise in electricity demand in an affordable manner.
• [New] The global sleeping aids market generated a revenue of $78.7 billion in 2019 and is predicted to progress at a CAGR of 7.1% from 2020 to 2030 to attain a value of $162.5 billion by 2030.
• [New] The Texas pipeline industry will generate more than $1.49 trillion in economic output, $903 billion in additional gross state product and $84 billion in state and local government revenues, over the next 40 years.
• [New] Electricity generated by wind, solar, hydro and biomass is expected to increase by 7% globally in 2020.
• [New] The reduction in coal power generation capacity could be partly offset by a significant increase in the Czech Republic's renewable electricity generation capacity, adding 3.2 GW of new solar photovoltaics and wind by 2030.
• [New] A transition to a nature-positive economy could generate up to $10.1 trillion in annual business value and create 395 million jobs by 2030.
• [New] Wealth among younger generations is increasing and HNWIs from China are progressively thinking internationally, alongside rising wealth in other south-east Asian countries: Hong Kong and Singapore are anticipating significant growth in the coming years.
• [New] Transition to a green economy could lead to a net increase of approximately 18 million jobs across the world and achieving the 2030 Agenda could generate up to 380 million jobs.
• [New] In 2025, renewables are set to become the largest source of electricity generation worldwide, supplying one third of the world's electricity, and ending coal's five decades as the top global power source.
• [New] Electricity generated by renewables will increase by 7% globally in 2020, despite a 5% annual drop in global energy demand, the largest since World War Two.
• [New] Wind power generation is forecast to increase by 80% in the next five years, driven by China, the United States and the European Union.
• [New] The global automotive human-machine-interface market generated a revenue of $18,822.3 million in 2019 and is predicted to attain a value of $55,318.4 million in 2030, advancing at a CAGR of 10.8% between 2020 and 2030.
• [New] Last year, the Dubai Electricity and Water Authority (DEWA) announced it had set a target to power 100% of its desalination plants using solar power, and generate 305 million gallons per day by 2030.
• [New] Although advanced reactors are unlikely to be commercialized by 2025, their success can make a difference for US and global climate targets within the next decade.
• [New] The US Department of Energy suggests a 21% increase in domestic electricity generation using wood by 2030 may also signal a further increase in demand - and that future monitoring is warranted.
• [New] The global over-the-top (OTT) market has garnered $129.3 billion in 2018 and is estimated to generate a revenue of $438.5 billion by 2026.
• A prospective Biden administration does not change the ongoing trend: renewable energy will continue to grow as a percentage of electricity production and will become the second-largest source of power generation in the US by 2030.
• Wind and solar energy, alongside battery storage, will supply 56% of the world's electricity demand by 2050, with some countries generating as much as 80% of demand.
• South Korea is third, and its net zero emissions by 2050 target will see its coal-fired power plants replaced by renewable energy.
• Around 83% of the new generation capacity built between 2020 to 2030 will be from coal and solar PV while hydropower and Oil are likely to account for the remaining new capacity.
• Increasing natural gas fuel prices, combined with lower renewable capital costs, resulted in a higher combined share of generation from solar, wind, and hydro technologies, which increase up to 61% by 2050.
• Solar could become the predominant source of electricity generation in China by 2050 if future renewable costs are low and natural gas prices are high.
• Joe Biden's plan to make the U.S. electric generation sector carbon-free by 2035 is essentially a push for more solar and wind farms since new nuclear and carbon capture and sequestration technologies cannot compete economically with federally subsidized and state mandated wind and solar power.

Last updated: 22 November 2020