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Industries

Energy And Power
Over the past few decades, emerging economies have become manufacturing hubs for multinationals, attracting investments from the world. While industrial growth is burgeoning in these economies, transmission losses limit the growth to an extent. Despite considerable improvements in power distribution, the scope for transmission and distribution losses remains vast. Transmission and distribution failures cause economic losses and power outages— brownout, blackout, and permanent fault. Power
Semiconductor & Electronics
Power utilization has always been a critical obstacle in the semiconductor and electronics industry. The industry is rapidly adopting miniaturization for better operational efficiency, and the overall chip size has shrunk. Chip density has also reduced with around millions of gates on one single chip, which has created in power scattering issues.Power utilization and heat generation have been prominent hurdles right from the start of the semiconductor and electronics era, thereby shifting the in
Bulk Chemicals
Bulk chemicals, also referred to as commodity chemicals, are manufactured on a large scale to cater to the global demand for intermediates and feedstock for downstream and specialtychemicals. The bulk chemical market is characterized as a perfect competition structure. It consists of a large number of buyers and sellers,wherethe price is the primary market driver. Traditionally, the U.S. and Europe were the global hubs for the chemical industry until 2007. Since the last decade, the industry has
Food & Beverages
Gen Z and millennials are the two demographics dictating novel trends in the food and beverage (F&B) sector. These populations typically lead sedentary lives and are gradually becomingdiet conscious, shifting the focus to low sugar and low-fat foods. Over the last few decades, the preference hasswitched to organic foods, which has led to the emergence of several startups in the food processing market engaged in low fat, organic foods.
Advanced Materials
The advanced materials industry has been observingtremendous growth since the last few years. Novel technologies offer manufacturers new ways to innovate, compete, and increase their profit margins even as they encounter several challenges,such as highprices, volatile raw material, and energy costs, stringent regulations, and other evolving risks. The high price is a critical challenge that players in the industry face. Nanomaterials, for instance, cost more than USD 1,000 per gram. High price h
Healthcare IT
Many industry verticals are leveraging the internet and looking forward to making the most of IT-enabled services. Advancements in healthcare IT services are expanding to the core of patient care objectives and healthcare operations. Healthcare IT professionals are continuously involved in developing AR-based training solutions, regularly managing and updating data, and combatting cybersecurity attacksto actively reduce paperwork and automate redundant functions involved in the healthcare sector
Aerospace And Defense
The aerospace and defense industry is mainly dependent on macro-economic factors and primarily controlled by government agencies. It comprises fivekeysegments, namelyCommercial and Aviation, Military Aircraft, Space Systems, Ground Defense, and Shipbuilding.The industry observes moderate growth globally, hindered by the dependence on a large number of sole-source suppliers, long lead time, financial constraints, order backlogs leading to extensive inventories, and cyber threats.
Biotechnology
Advances in technology have increased the pace of biotechnological developments. Innovations in genomics, molecular biology, cellular and tissue engineering, bio-imaging, and new drug discovery and delivery techniquesare expected toimprove the quality of care by enhancing diagnostic capabilities and substantially expanding therapeutic alternatives.The increasing demand for biotech-based diagnostics and therapeutics and growing R&D investments are bolstering the biotechnology industry'sgrowth
Automotive and Transportation
China is not among the leading finished car suppliers to the U.S. As per statistics from the Commerce Department's International Trade Administration (ITA), China has sold approximately 51,062 passenger vehicles worth USD 1.3 billion to the U.S. in 2019, which is relatively low compared to U.S. imports from Spain, Sweden, and Slovakia. However, China is the second-largest supplier of automotive parts to the U.S. after Mexico. The country accounts for 15–18% of U.S. imports. Similarly, Germ
Technology
Cloud solutions have gained immense traction, and every organization— be it an SME or large enterprise — is adopting them for their cost benefits and usability. Network connectivity is a vital issue associated with cloud solutions, as handling large volumes of data requires high bandwidth, which adds to the company's expenditure. The introduction of AI, IoT, and other technologies has necessitated competent data handling infrastructurein terms of data centers, raising the demand for
Automation & Process Control
Labor shortages or lack of skilled labor remain critical challenges for many industries around the globe. As per the Bureau of Labor Statistics, approx. 500,000 jobs for skilled labor remained unfilled in the U.S. manufacturing industry in 2018 as a result of the skill gap, and this figure is expected to rise to 2.5 million during 2020–2027. Manufacturers across industries have thus started adopting machines to overcome labor challenges.
Engineered Products & Infrastructure
The COVID-19 pandemic has created an acute labor shortage in the construction industry. The industry eliminated over 2 million jobs during the economic downturn. Most workers engaged in the sector are contract workers, and global lockdowns saw many of them lose their livelihoods, which resulted in the mass migration of contract workers to their native towns/cities. These workers are now engaged in other industries, and the construction industry is facing a shortage of semi-skilled and skilled wo
Mining Minerals & Metals
Metals and minerals are the building blocks of development and play a crucial role in the growth of any economy. The mining industry — comprising mineral, metallic mineral, and non-metallic mineral mining — has been among the fastest-growing sectors after the 2008 recession. However, mining has never been easy. The industry encounters countless challenges, such as the need for highly skilled labor and the associated cost, regulatory frameworks, high production cost, lack of standardi
Consumer Products
The consumer products industry is characterized by high sales volume, rapid inventory movement and turnover, and durable/ non-durable products, with many players creating high pricing pressure and leading to high marketing costsand low profitability. Manufacturers and distributors in the industry encounter unprecedented pressure to provide a wide range of products and maintain a complex supply chain while competing with the pricing pressure imposed by intense competition.Mana
Financial Services & Insurance
Post the 2008 recession, the BFSI industry has faced several challenges, with advancements introducing disruptive technologies, such as AI and blockchain. Moreover, stringent regulations, increasing competition among fintech firms and start-ups, and the high focus on customer experience have also changed the industry landscape.
Medical Devices
The healthcare industry has seen unprecedented growth over the last few years, with the emergence of new markets and the enactment of supportive legislation. However, several uncertainties are expected to impact the market in the future — changing healthcare dynamics, complex reimbursement policies, and a continuously evolving competitive landscape. Medical device manufacturers are under immense pressure in terms of cost reduction, unique innovations, and streamlining their operations.
Paper & Packaging
The paper and pulp industry is highly energy-intensive and has a significant carbon footprint, with biomass black fuel liquor and fossil fuel coal as the primary energy sources. In the industry, material transportation, alkali recovery, papermaking, pulping, and other production processes consume the most substantial share of energy. The sector is also is a massive waste generator. Paper mills expel dissolved matter, such as lignin, wastewater discharge, and the range of mate
Pharmaceuticals
The pharmaceutical industry’s mostcritical contribution is advancement through innovative research to meet the population’s pharmaceutical demand. The global pharmaceutical market is expected to touch the USD 1.4-trillion mark in terms of value in 2020, with the U.S., Europe, and Japan as key value shareholders.
Speciality Chemicals
The specialty chemicals industry has always been dominated by large players from western economies, with Western Europe and North America as the key producers and consumers for a long time. However, as years passed, traditional and closed economies began opening up to the world, and globalization took place. The trend has proven to be of great advantage for China, which has vastly expanded its manufacturing capacity to fulfill its chemical industry demands. Furthermore, developing economies have
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