PV TECH - No industry is immune from the impacts of COVID-19 and oil has not escaped unscathed either, according to a release from Lux Research, which reported that oil demand is down 20% as a result of the virus.
OFFSHORE TECHNOLOGY - Early figures are suggesting that the outbreak of Covid-19 could have a significant impact on global oil demand, with Arij van Berkel, a director at US-based research firm Lux Research claiming that “early indications by traders suggest a 20% drop in demand.”
PHARMAPHORUM - The US government has shaken up access to telemedicine services to make it easier for people to get advice remotely, without having to visit medical facilities overstretched by the COVID-19 pandemic.
PR NEWSWIRE - The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billionby 2030.
TECHNOLOGY FOR YOU - The resulting impact on remote work done in the field could be substantial. “You have the ability to conduct multi-media assisted collaborations you wouldn’t have been able to accomplish before,” says Michael Sullivan, an analyst at Lux Research.
COATINGS WORLD - Lux found that, given the higher costs of production for most drop-in intermediates, those being targeted in the short term will benefit from having niche markets where labeling products as “bio-based” is an asset.
EPS NEWS - For months, economists – and, frankly, a lot of market research firms-- have practiced a “wait and see” attitude toward the global economic impact of the coronavirus, or Covid-19. As the virus spreads worldwide, the stock market tanks and rebounds and China begins to stabilize, the experts are speaking out:
BUSINESS INSIDER - The residential battery market is growing at a rate of 76% per year and is projected to break $50 billion in revenue by 2035, according to the research firm Lux Research.
INVESTOPEDIA - In 2030, self-driving cars are expected to create $87 billion worth of opportunities for automakers and technology developers, said a report by Boston-based Lux Research. Software developers stand to win big.
PV MAGAZINE - It’s energy storage projects as investment-grade finance tools for institutional investors that will grow the energy storage market to $546 billion in annual revenue by 2035, as predicted by Lux Research.
