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Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

Insights on Medical Marijuana Market within the Pharmaceuticals Sector | Increasing Production of Medical Marijuana to Emerge as a Key Driver | Technavio

LONDON–(BUSINESS WIRE)–The global medical marijuana market is expected to grow at a CAGR of over 24% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.

Learn more about how COVID-19 is impacting the medical marijuana market – Request a free sample report

The demand for medical marijuana has increased significantly over the years. The growing demand has led many medical marijuana manufacturers to increase production. Besides, many governments worldwide are legalizing marijuana for medical applications, which has further increased demand. For instance, the Government of Manipur, India recently announced its plans to legalize marijuana for medical applications by encouraging start-ups that develop medical marijuana products. Such initiatives are expected to positively influence the growth of the global medical marijuana market during the forecast period.

Medical Marijuana Market: COVID-19 Impact Analysis on Related Markets

Global Legal Cannabis Market 2020-2024

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Global Cannabis-infused Edible Products Market 2020-2024

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Global Cannabis Testing Market 2020-2024

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Medical Marijuana Market: COVID-19 Impact Analysis on Parent Market

The global pharmaceuticals market is the parent market of the medical marijuana market. Within its scope, the pharmaceuticals market covers products and companies engaged in R&D or production of generic drugs, non-generic drugs, and veterinary drugs. Our report on the medical marijuana market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Aurora Cannabis, GW Pharmaceuticals, mCig, Medical Marijuana, and United Cannabis.

Technavio’s research report on the medical marijuana market identifies the

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Natural Gas Market: Production Falls To A New Multi-Year Low

Natural Gas Market: Production Falls To A New Multi-Year Low

The Weather

Last week

Last week (ending October 2), the number of cooling degree days (CDDs) increased by 6.9% w-o-w (from 33 to 35). At the same time, the number of heating degree days (HDDs) surged by 81.5% w-o-w (from 15 to 26). We estimate that total “energy demand” (as measured in total degree days, or TDDs) was as much as 26.5% below last year’s level but only 1.1% below the 30-year average.

This week

This week (ending October 9), the weather conditions have cooled down substantially in the contiguous United States. We estimate that the number of nationwide CDDs will drop by 20.4% w-o-w (from 35 to 28), while the number of HDDs should rise by 22.1% (from 26 to 32). Total average daily consumption of natural gas (in the contiguous United States) should be somewhere between 70 bcf/d and 72 bcf/d. Total “energy demand” (measured in TDDs) should drop by 10.2% y-o-y, while the deviation from the norm will remain in the negative territory (-8.4%).

Next week

Next week (ending October 16), the weather conditions are expected to warm up, but only slightly. The number of nationwide CDDs is currently projected to edge up by 4.2% w-o-w (from 28 to 29), while the number of HDDs should remain relatively unchanged (at 32). However, total “energy demand” (measured in TDDs) should still decline in annual terms (-24.6%), while the deviation from the norm will remain negative (-13.1%) (see the chart below).

Source: Bluegold Research estimates and calculations

The latest numerical weather prediction models (Wednesday’s short-range 00z runs) agree that, over the next 15 days, TDDs should remain below the norm (on average) but should continue to trend upward – see the chart below. However, there is currently a minor disagreement between the models in terms of scale: the latest

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Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk

Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk

(Reuters) – Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a “significant production risk”.

The U.S. electric carmaker plans to manufacture a new version of its Model Y crossover vehicle, and possibly even battery cells at the site. Last month, Musk said that Tesla will use its Germany-based plant to demonstrate a radical overhaul of how its cars are built.

The company plans to start the production of Model Y at Gigafactory Berlin during the second half of 2021.

Tesla’s new battery cell – a larger cylindrical format called 4680 that can store more energy and is easier to make – is key to achieving the goal of cutting battery costs in half and ramping up battery production nearly 100-fold by 2030.

The company’s new structural battery pack requires the new 4680 battery cells in order to work.

Musk said on Wednesday that it will take about two years for Tesla factories in Fremont and Shanghai to embrace the new technology.

“Fremont and Shanghai will transition in 2 years when new tech is proven,” Musk said in a tweet https://bit.ly/2I8Gam3.

The company said last week that it delivered 139,300 vehicles in the third quarter, a quarterly record for the electric carmaker.

Tesla’s delivery push has been supported by its new Shanghai factory, the only plant currently producing vehicles outside California, as it is also building a new vehicle and battery manufacturing facility near Berlin.

(Reporting by Sabahatjahan Contractor and Kanishka Singh in Bengaluru, Editing by Sherry Jacob-Phillips)

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Airbus Takes a Risky Course and Holds the Line on Production

Airbus Takes a Risky Course and Holds the Line on Production

Airbus (OTC:EADSY) ended last month with a whopping 7,501 commercial jet orders in its backlog. That’s close to a record high and represents more than eight years of production at 2019 production rates.

This big order backlog hasn’t shielded Airbus from the COVID-19 aviation downturn, though. The European aerospace giant has been forced to cut production significantly this year. With air travel demand showing no signs of recovery so far, Airbus faces pressure to cut output even further. So far, it is resisting this pressure, according to a recent Reuters report. This is a risky strategy that could pay off if demand rebounds meaningfully within a year or so, but could backfire otherwise.

Airbus has reduced production

Airlines across the world are bleeding cash and have cut capacity dramatically. As a result, even those that had aggressive growth or replacement plans entering 2020 now have no need for new jets in the near term. This led to a sharp drop in aircraft deliveries at both Boeing (NYSE:BA) and Airbus last quarter.

An Airbus A350 flying in front of a cloud.

Image source: Airbus.

Boeing is radically slashing production to match demand. Wide-body production will decline by about 50%. Demand for freighter and military variants of the 747, 767, and 777 is the only thing preventing an even bigger output cut. Meanwhile, it plans to gradually ramp up 737 MAX production to a rate of 31 per month by early 2022. That would still be 46% below its previously planned production rate of 57 per month. But with more than 450 737 MAX jets in storage waiting to be delivered, it can’t go any faster.

Airbus has also reduced its near-term wide-body production plans by nearly 50%, albeit from a lower base. However, it made more modest adjustments to its narrow-body output, cutting A320-family production by about a third and

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