#Automotive Motors Market 2024

[ragini-14]

Automotive Motors Market 2024 will touch New Level in the Upcoming Year by 2030

Global Automotive Motors Market research report published by Exactitude Constancy reveals the current outlook of the global and key regions from the following perspectives: Key players, countries, product types, and end industries. The report studies the top companies in the global market and divides the market into several parameters. This Automotive Motors Market research report pinpoints the industry's competitive landscape to understand the international competition. This report study explains the expected growth of the global market for the upcoming years from 2024 to 2030. This research report is accumulated based on static and dynamic perspectives on business.

The global Automotive Motors market was valued at 34.79 billion in 2022 and is projected to reach 54.42 billion by 2029, growing at a CAGR of 6.6% from 2022 to 2029.

Browse the Complete Summary and Table of Contents @

https://exactitudeconsultancy.com/ja/reports/28375/automotive-motors-market/

[coldpenguintaco]

Industrial Lubricants Market Forecasted to Hit $74.3 Billion by 2029: Regional Insights and Sectorial Demands

The report “Industrial Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid, Grease), End-use Industry (Construction, Power Generation, Food Processing), Region – Global Forecast to 2029″, size was USD 63.9 billion in 2024 and is projected to reach USD 74.3 billion by 2029, at a CAGR of 3.1%, between 2024 and 2029. The…

[adventuressclubamericas]

Adventuresses We Love – Bertha Benz Adventuress Bertha Benz was a woman with a vision, one she shared with her husband, Carl – to invent a practical “horseless carriage.” She believed in this vision so much that two years before their wedding, she used her dowry to bail out his failing company and invest in its future. The two of them would collaborate on the design and engineering of the car’s components, including its two-stroke engine, throughout the vehicle’s development. Progress was slow, but steady, and on New Year’s Eve1879 they finally got their engine to work. They continued to make improvements to the vehicle, until finally, in early 1886, Carl obtained a patent for their “motor car with gas engine operation.” The car made its public debut in Mannheim that summer, where… …nobody wanted it. There had been a few cars built before the Benz’s, enough to make everyone really, really nervous about them. Even the Vatican had spoken out against them, declaring the automobile to be a devil’s or witch’s carriage. Some localities in Germany had already outlawed the use of such vehicles, threatening to fine anyone operating them. Now, Carl was an engineering marvel, but a complete dunce at marketing. It would fall to Bertha to win people’s hearts and minds, and change the view of the automobile in their eyes. To accomplish this, she knew exactly what she had to do. She had to go visit her mom. At dawn on August 5, 1888, Bertha and her sons, Robert and Eugen, left Mannheim and headed towards Pforzheim, about 60 miles away. Today, we might not think of that as any big deal – that’s not much more than my commute to work – but in 1888, it was an Epic Road Trip. The first of its kind! The trip was fraught with challenges, not the least of which was that the car got 25mpg – but only carried about 1.3 gallons of fuel. To resolve this, Bertha bought the entire supply of ligroin – a petroleum-based cleaner – from a chemist in Wiesloch and used that to power the car. (The chemist’s in Wiesloch is still today recognized as the world’s first service station.) Bertha also found innovative solutions for some of the mechanical failures the car ran into on the way. For example, she used her hat pin to clear a clogged fuel line, and her garter to insulate a frayed spark plug wire. When the wooden blocks used in the brakes started to wear out, she stopped at a cobbler’s shop and had leather added to them – thereby inventing the world’s first brake pads. Another challenge – hills. The car had two gears – not quite enough to summit some of the hills on the route. Robert and Eugen got out and pushed it up a couple of them. Finally, after 13 hours on the road, Bertha and her boys arrived in Pforzheim. She telegraphed Carl to let him know, then enjoyed a few days with her mom before driving home. Bertha’s road trip started to change public opinion about the car, and led to her and Carl’s company being the automotive giant we know today. She also showed the importance of test drives – innovations were added to the design to overcome the issues she’d found on this trip (including adding a third gear which made hills much easier). Test drives are standard, essential practice for automobile manufacturers today, but had never been done before Bertha’s trip in 1888. Adventuress Bertha Benz died on May 5, 1944, two days after her 95th birthday. On May 3, 2024, Bertha’s 175th birthday, the German government issued a postage stamp honoring her and her contributions to automotive history.

[obsidian-sphere]

1961 Ford Gyron Concept Car

The Ford Gyron was a futuristic two-wheeled gyrocar first shown to the world in 1961 at the Detroit Motor Show and designed by Syd Mead and McKinley Thompson. Like a motorcycle, one wheel was at the front and the other at the rear, and gyroscopes stabilized the car. The vehicle's two occupants were seated side by side, and when the vehicle was stationary, two small legs appeared from the sides to support it. The vehicle was created for research and marketing purposes, with no intention of putting it into production.

The gyroscopic system was based on Louis Brennan's theories and designed by Alex Tremulis, who started his career with the U.S. Air Force. In 1948, Tremulis worked at Wright-Patterson Air Force Base on the concept of Military Flying Saucers. He then became the chief designer for the ill-fated Tucker automobile before joining Ford. He was also involved with the Tuscan gyroscopic motorcycles and the Gyronaught XUI gyroscopic car.

The original fiberglass concept was destroyed in the Ford Rotunda fire of 1962. Only the studio model remains today, it was sold at an auction in December 2012 for $40,000. A second model was recently discovered in the collection of the Petersen Automotive Museum in Los Angeles and displayed as part of the 2024 exhibition, "Eyes on the Road." [Source: Wikipedia]

[rpmtrish]

Racing News: Ford Unveils Mustang GT3 Race Car

By SEMA Editors Ford has unveiled the Mustang GT3 race car, based on the all-new '24 Mustang Dark Horse, during a special ceremony as part of this year's 24 Hours of Le Mans. The automaker also announced plans to enter the GT3 into the iconic endurance race's FIA GT3 category in 2024, along with an entry in the 2024 World Endurance Championship season under Proton Competition, the German team led by team principal Christian Ried. "It is not Ford versus Ferrari anymore. It is Ford versus everyone," said Jim Farley, CEO of Ford Motor Co. Multimatic will build and support the GT3s, while M-Sport will assemble the Ford Performance-developed 5.4 L Coyote-based V8 engines. The GT3 features a bespoke short-long arm suspension, rear-mounted transaxle gearbox, carbon fiber body panels, and an aero package developed to meet GT3 targets. In addition, the automaker announced a new Ford Performance branding described as a "cleaner, simplified look" that will be integrated across its racing vehicles. New E1 World Championship to Launch Inaugural Electric Powerboat Racing Season UIM E1 World Championship--the world's first all-electric powerboat racing championship--has unveiled the venues that will host the first-ever racing season beginning in January 2024. The season will launch in Jeddah, Saudi Arabia, followed by a to-be-determined location in the Middle East in February 2024. Two events--set for April and May 2024--will take place in the waters of Venice, Italy. Then, competitors will visit Monaco in July 2024, followed by Rotterdam, Netherlands, in September 2024. Teams will race RaceBirds boats near the shore, allowing fans to view the action from land. WyoTech Announces Inaugural Hall of Fame Class WyoTech--the U.S. automotive, diesel and collision trade school based in Laramie, Wyoming--has announced its inaugural Hall of Fame class, with alumni including the late trailblazer known as "The Fastest Woman on Earth, a John Deere master tech whose YouTube videos have garnered 8 million views, a custom car builder who returned as an instructor and more. "Each of the six alumni has achieved tremendous career success and demonstrates WyoTech's capability of training students to succeed across the entire spectrum of the trade industry," said Jim Mathis, president and CEO of WyoTech. "We're honored to recognize them as the first inductees of WyoTech's Hall of Fame and to show the public the kind of impact our graduates have on the trade industry and the world." To be eligible for the WyoTech Hall of Fame, alumni must be five years post-graduation and established in the industry. The inaugural WyoTech Hall of Fame Class is (in alphabetical order): - John Alonzo is the racing operations-marketing director for the race shop at Scoggin Dickey Parts Center in Lubbock, Texas, one of the world's leading dealers of high-performance engines and GM parts. - Jessi Combs (1980-2019): The late Combs broke stereotypes and records by joining the North American Eagle Supersonic Speed Challenger team and, in 2013, became "The Fastest Woman on Four Wheels" at 398 mph, with a top speed of 440 mph. In 2019, she set a new women's landspeed world record at 522.783 mph before the accident that took her life. That feat and her career were memorialized in the HBO Max documentary "The Fastest Woman on Earth." - Dave Gilley is the founder and owner of Gilleyfab Enterprises, near Salt Lake City, Utah, known for top-tier, fine-quality fabrication in the UTV industry. - Levi Green is the owner and instructor of HammerFab near Austin, Texas, which specializes in handcrafting upscale turnkey customs and industry-leading fabrication tools and parts. - Zeth Key is a Master John Deere service technician at a Sloan Implement location in Illinois. In April 2008, he launched a YouTube channel in honor of his late friend Jake to promote the trade they loved and to "inspire a younger generation to pick up a wrench and start a great career" keeping agriculture running. In two years, the channel grew to 63,000 subscribers and 8 million views. - Randy Svalina is a WyoTech specialties instructor who teaches students a curriculum and a way of life that helps their families and communities. "As a part of WyoTech, we help others reach their goals, their dreams, raise their families and succeed in their journey," he said. Read the full article

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Metallic Powder Coating Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The metallic powder coating global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Metallic Powder Coating Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The metallic powder coating market size has grown strongly in recent years. It will grow from $2.22 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%.  The growth in the historic period can be attributed to the rise of automotive manufacturing, increased focus on corrosion resistance, the push for environmentally friendly coatings, and the demand for high-quality aesthetic finishes in various industries.

The metallic powder coating market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the forecast period can be attributed to increasing demand for environmentally friendly coatings, growth in the automotive and construction industries, rising consumer preference for aesthetic finishes, and stringent regulations on volatile organic compounds (VOCs). Major trends in the forecast period include the rise of eco-friendly formulations, automation in application processes, advancements in multi-layer coating systems, and the integration of smart coatings with functionality.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/metallic-powder-coating-global-market-report

The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing production of automobiles is expected to propel the growth of the metallic powder coating market going forward. Automobiles are motor vehicles designed primarily for transporting passengers on roadways, featuring various styles powered by internal combustion engines or electric motors. The production of automobiles is increasing due to rising global demand for personal transportation and the growth of electric vehicles, which are reshaping consumer preferences and driving innovation in the industry. Metallic powder coating in automobile production is used to enhance durability, and corrosion resistance and provide a premium metallic finish to vehicle components. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group, in 2022, global production of motor vehicles reached 85.4 million, marking a 5.7% increase from 2021. Therefore, the increasing production of automobiles is driving the growth of the metallic powder coating market.

Market Trends - Major companies operating in the metallic powder coating market are focusing on developing advanced coating solutions such as superdurable low-energy powder coatings to enhance finish quality, durability, and resistance to environmental factors. Superdurable low-energy powder coatings are advanced coatings that offer enhanced durability and environmental resistance while curing at lower temperatures, reducing energy consumption and production costs. For instance, in September 2024, AkzoNobel NV, a Netherlands-based paint and coating manufacturing company, launched the Interpon D2525 Low-E range, a series of superdurable low-bake powder coatings designed to protect architectural surfaces in harsh environments. These innovative coatings can be cured at lower temperatures (as low as 150°C), resulting in up to 20% energy savings and 25% faster curing times compared to conventional powders. The Interpon D2525 Low-E coatings are ideal for a variety of metal surfaces, including facades, windows, and railings, offering excellent durability and color retention.

The metallic powder coating market covered in this report is segmented –

1) By Type: Bonding Process, Blending Process, Extrusion Process 2) By Resin Type: Epoxy Polyester, Polyester, Epoxy, Polyurethane 3) By Pigment Type: Aluminum, Mica, Other Pigment Types 4) By Application: Architectural, Automotive, Appliance, Furniture, Leisure Equipment

Get an inside scoop of the metallic powder coating market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=19116&type=smp

Regional Insights - Asia-Pacific was the largest region in the metallic powder coating market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the metallic powder coating marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the metallic powder coating marker are  The Sherwin-Williams Company, PPG Industries Inc., Axalta Coating Systems LLC, Jotun Powder Coatings, Berger Paints India Limited, Delight Polymers Pvt Ltd., Beckers Group, PEKO Precision Products Inc., HMG Paints Ltd., Tradeindia, Primatek Coatings OÜ, Protech Group, Prismatic Powders, Technical Glass and Aluminium LLC, Aajjo, All-Color Powder Coating Inc., Archello, Crescent Bronze Powder Co, Nivera Paints, Prism Coating Powder, Ritver Paints and Coatings, SendCutSend LLC, TCI Powder, Tulip Paints, Value Added Coating Solution Private Limited, Zigma Paints Pvt Ltd

Table of Contents 1. Executive Summary 2. Metallic Powder Coating Market Report Structure 3. Metallic Powder Coating Market Trends And Strategies 4. Metallic Powder Coating Market – Macro Economic Scenario 5. Metallic Powder Coating Market Size And Growth ….. 27. Metallic Powder Coating Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[autoini]

Wuling Hosts Year-End Sale Showcase in Jakarta and Bekasi

As the year winds down, Wuling Motors Indonesia is throwing open its doors for everyone to come and visit its latest automobile innovations. This November, the brand once again mounts its much-awaited "Year End Sale" exhibition in key malls across Jakarta and Bekasi. Here, those who will attend will get to experience the latest that Wuling has to offer: not just being given the opportunity to test-drive Wuling's latest models for ICE, but for the very first time, the car manufacturing company will let them glimpse its latest EV offering - an offering that is about to pave the way into the future of the brand. The event is also dotted with lots of promos, test rides, special privileges for visitors and potential buyers as well.

Exhibition Dates and Venues

Wuling Exhibition. The events will be shown at Kota Kasablanka Mall from November 6 to 10, Mall Kelapa Gading and Summarecon Mall Bekasi from November 20 to 24 and Puri Indah Mall on November 27 up to December 1, 2024. At each venue, visitors will get an opportunity to experience the dynamic array of Wuling and avail themselves of special treats.

Privileges and Deals

Indeed, Wuling really brings out the big guns in terms of promotions on most sought-after models. These include:

Low Down Payment: Starting at IDR 16 million on models for an ICE. Zero Interest Financing: Two years for Almaz and BinguoEV models. Free Insurance: The Air ev and BinguoEV Premium Range models. YES Packages: up to IDR 72 million of total benefits for BinguoEV model

Other than the purchase benefit, Wuling has more if you take the package "Work-Free with Wuling EV" for those who purchase EV; lifetime warranty on its core components; free maintenance until it reaches 15.5 years or 155,000 km; and the installed 7kW AC charger is free of charge, in addition to the IDR 2 million electricity voucher for a year to the purchaser of Air ev. More benefits for SUV buyers targeting Wuling's Alvez and New Almaz RS are offered by the 'Berani Lebih Bersama Wuling SUV' program, guaranteeing a third-year resale value at 70 percent, free maintenance for 8 years up to 100,000 kilometers, and lifetime warranty on hybrid car components.

Direct rewards such as shopping vouchers to the local store worth IDR 2 million is always something to look forward to. However, what makes it very special is that it is complemented by a Lucky Dip which will help you find the gift prizes: Smart Band, Xiaomi Pad SE, and an iPhone.

For more updated information about the automotive market, the latest cars & bikes, Please visit our website https://www.autoini.com

[latestmarketresearchnews]

Metalworking Fluids Market 2030 Size, Share, Business Growth, Demand and Applications

The global metalworking fluids market size was valued at USD 12.17 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. This growth is primarily driven by the rising demand for automotive and heavy machinery across various industries, including machinery manufacturing, metal fabrication, and transportation equipment. These sectors rely on metalworking fluids for their ability to improve the machining and manufacturing process. The primary raw material used in producing MWFs is crude oil, which undergoes refining, treatment, and blending to produce key MWF types such as neat cutting oils, soluble oils, and corrosion-preventive oils. Base oil derived from crude oil represents around 40% of the overall MWF production cost and is essential for the manufacture of motor oils, lubricants, and MWFs.

The growth in the automotive industry is a significant factor boosting MWF demand, as these fluids help reduce friction between the tool and the workpiece, prevent metal chips, ensure high-quality surface finishes, and extend the lifespan of tools. These benefits contribute to more efficient machining processes, enhancing production rates. Consequently, the need for metalworking fluids is expected to remain stable, particularly in automotive applications, over the forecast period.

The manufacturing industry is a key economic sector in North America and Europe. Technological advancements in manufacturing processes for sophisticated products, alongside increased exports of construction machinery, power equipment, agricultural machinery, and automotive equipment, have contributed to the growth of the MWF market in these regions. Additionally, Asia Pacific’s demand for advanced machinery in agriculture, automotive, and construction industries supports MWF market expansion in both North America and Europe, as manufacturers in these regions continue to supply global demand.

Gather more insights about the market drivers, restrains and growth of the Metalworking Fluids Market

Application Segmentation Insights:

The neat-cutting oil segment led the MWF market, accounting for over 42% of the global revenue in 2023. Neat-cutting oils are widely used in machining processes across industries, including automotive, aerospace, marine, and construction, due to their effectiveness in cutting operations and high-volume manufacturing. Emerging economies in the Asia Pacific, where high-volume manufacturing is prevalent, have increased demand for neat-cutting oils, which offer a cost-effective solution in machining operations. The demand for neat-cutting oils is further supported by the use of high-alloy steels in heavy equipment manufacturing, which requires robust cutting fluids to optimize machining operations.

The water-cutting oil segment held the second-largest market share in 2023, driven by the increased consumption of these fluids in complex machining operations that require effective heat dissipation. Water-based cutting oils are diluted with water and applied in various procedures, such as drilling, milling, and grinding, to manage the high temperatures generated during machining. The ability of water-cutting oils to control the temperature during these processes makes them ideal for heavy equipment manufacturing.

The semi-synthetic cutting oil segment, a subset of water-cutting oils, is anticipated to grow at a significant CAGR from 2022 to 2030. Semi-synthetic oils are widely used in machining cast iron, aluminum components, and other operations like sawing, drilling, turning, and milling. The expanding applications for these oils are expected to propel the segment’s growth over the forecast period.

Corrosion-preventive fluids are another critical segment expected to grow steadily over the forecast period. These fluids are essential in machining processes where there is a risk of damaging the tools, as they help extend the lifespan of the sump, reducing overhead costs for manufacturers. Small-scale enterprises, which typically operate with lower production volumes and cost structures, increasingly rely on corrosion-preventive oils to maintain operational efficiency and protect their tools, further driving demand in this segment.

In summary, the MWF market is expected to see steady growth, fueled by the expansion of end-use industries and the increasing need for high-performance fluids that enhance machining efficiency, control temperature, and extend tool life. As manufacturing industries in North America, Europe, and Asia Pacific continue to grow, the demand for various MWF types, from neat-cutting oils to corrosion-preventive fluids, will likely rise, positioning MWFs as a key component in the global manufacturing and automotive industries.

Order a free sample PDF of the Metalworking Fluids Market Intelligence Study, published by Grand View Research.

[ragini-14]

Automotive Electric Motor Market 2024 is Blossoming Worldwide by 2030

The Automotive Electric Motor Market Research Report 2024 begins with an overview of the market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Automotive Electric Motor Market scenario, and feasibility study are the vital aspects analysed in this report.

The automotive electric motor market is expected to grow at a 6.5% CAGR from 106.3 USD Billion in 2023 to 182.7 USD Billion in 2030.

Access Full Report:

https://exactitudeconsultancy.com/reports/15567/automotive-electric-motor-market/

[researchreportinsight]

Metalworking Fluids Industry Overview, Competitive Landscape and Forecasts 2030

The global metalworking fluids market size was valued at USD 12.17 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. This growth is primarily driven by the rising demand for automotive and heavy machinery across various industries, including machinery manufacturing, metal fabrication, and transportation equipment. These sectors rely on metalworking fluids for their ability to improve the machining and manufacturing process. The primary raw material used in producing MWFs is crude oil, which undergoes refining, treatment, and blending to produce key MWF types such as neat cutting oils, soluble oils, and corrosion-preventive oils. Base oil derived from crude oil represents around 40% of the overall MWF production cost and is essential for the manufacture of motor oils, lubricants, and MWFs.

The growth in the automotive industry is a significant factor boosting MWF demand, as these fluids help reduce friction between the tool and the workpiece, prevent metal chips, ensure high-quality surface finishes, and extend the lifespan of tools. These benefits contribute to more efficient machining processes, enhancing production rates. Consequently, the need for metalworking fluids is expected to remain stable, particularly in automotive applications, over the forecast period.

The manufacturing industry is a key economic sector in North America and Europe. Technological advancements in manufacturing processes for sophisticated products, alongside increased exports of construction machinery, power equipment, agricultural machinery, and automotive equipment, have contributed to the growth of the MWF market in these regions. Additionally, Asia Pacific’s demand for advanced machinery in agriculture, automotive, and construction industries supports MWF market expansion in both North America and Europe, as manufacturers in these regions continue to supply global demand.

Gather more insights about the market drivers, restrains and growth of the Metalworking Fluids Market

Application Segmentation Insights:

The neat-cutting oil segment led the MWF market, accounting for over 42% of the global revenue in 2023. Neat-cutting oils are widely used in machining processes across industries, including automotive, aerospace, marine, and construction, due to their effectiveness in cutting operations and high-volume manufacturing. Emerging economies in the Asia Pacific, where high-volume manufacturing is prevalent, have increased demand for neat-cutting oils, which offer a cost-effective solution in machining operations. The demand for neat-cutting oils is further supported by the use of high-alloy steels in heavy equipment manufacturing, which requires robust cutting fluids to optimize machining operations.

The water-cutting oil segment held the second-largest market share in 2023, driven by the increased consumption of these fluids in complex machining operations that require effective heat dissipation. Water-based cutting oils are diluted with water and applied in various procedures, such as drilling, milling, and grinding, to manage the high temperatures generated during machining. The ability of water-cutting oils to control the temperature during these processes makes them ideal for heavy equipment manufacturing.

The semi-synthetic cutting oil segment, a subset of water-cutting oils, is anticipated to grow at a significant CAGR from 2022 to 2030. Semi-synthetic oils are widely used in machining cast iron, aluminum components, and other operations like sawing, drilling, turning, and milling. The expanding applications for these oils are expected to propel the segment’s growth over the forecast period.

Corrosion-preventive fluids are another critical segment expected to grow steadily over the forecast period. These fluids are essential in machining processes where there is a risk of damaging the tools, as they help extend the lifespan of the sump, reducing overhead costs for manufacturers. Small-scale enterprises, which typically operate with lower production volumes and cost structures, increasingly rely on corrosion-preventive oils to maintain operational efficiency and protect their tools, further driving demand in this segment.

In summary, the MWF market is expected to see steady growth, fueled by the expansion of end-use industries and the increasing need for high-performance fluids that enhance machining efficiency, control temperature, and extend tool life. As manufacturing industries in North America, Europe, and Asia Pacific continue to grow, the demand for various MWF types, from neat-cutting oils to corrosion-preventive fluids, will likely rise, positioning MWFs as a key component in the global manufacturing and automotive industries.

Order a free sample PDF of the Metalworking Fluids Market Intelligence Study, published by Grand View Research.

[kingsresearchinfo]

Automotive Pump Market Is Booming Worldwide 2024-2031 | Tesla, Tata Power, Shell Group

In the symphony of automotive engineering, where every part plays a crucial role, automotive pumps are the unsung heroes that keep the rhythm going. These unassuming components, ranging from fuel pumps to water pumps, wield significant influence over vehicle performance and efficiency.

As the automotive industry continues its march towards electrification and sustainability, the landscape of the automotive pump market is evolving, presenting both challenges and opportunities. Let's delve into this dynamic sector and explore the currents shaping its trajectory.

Automotive Pump was valued at USD 14.89 billion in 2023 and is projected to reach USD 20.95 billion by 2031, growing at a CAGR of 4.40% from 2024 to 2031

Largest Region: Asia Pacific

Top 10 Companies in Automotive Pump Market -

BYD Motors , Tritium, Tesla, Charge Point Holdings, ., Tata Power, BP p.l.c., Alfen N.V., Shell Group, Enel X Way USA, LLC, EVgo Services LLC (LS Power), Siemens

Get Full Insights @ https://www.kingsresearch.com/automotive-pump-market-676

Over the period of 2024–2031, North America is expected to develop at a CAGR of 5.12%.

The Pulse of the Market:

The automotive pump market pulsates with vitality, driven by several key factors. Firstly, the perpetual demand for automobiles worldwide acts as a primary growth catalyst. With rising urbanization, disposable income, and changing lifestyles, the appetite for vehicles, be it passenger cars or commercial vehicles, remains robust. Consequently, the need for efficient and reliable pumping solutions escalates in tandem.

Moreover, stringent emission regulations imposed by governments worldwide propel the adoption of advanced pump technologies. Automakers are compelled to enhance fuel efficiency, reduce emissions, and comply with regulatory standards such as Euro 7 and CAFE (Corporate Average Fuel Economy). This drive towards cleaner mobility amplifies the demand for electric pumps, which play a pivotal role in electric and hybrid vehicles.

Additionally, technological advancements and innovations inject dynamism into the market. From smart pumps equipped with sensors for real-time monitoring to lightweight designs crafted through additive manufacturing, the landscape is teeming with innovation. These technological strides not only enhance performance and durability but also foster differentiation and competitive advantage among market players.

Fuelling the Future:

The burgeoning electric vehicle (EV) segment emerges as a transformative force in the automotive pump market. Unlike traditional internal combustion engine (ICE) vehicles, EVs necessitate specialized pumps for cooling batteries, managing coolant flow, and circulating refrigerants for thermal management. As EV adoption gains momentum, the demand for electric pumps is poised to surge, presenting lucrative opportunities for manufacturers adept at catering to this burgeoning segment.

Challenges on the Horizon:

Amidst the promising prospects, the automotive pump market confronts several challenges that warrant attention. Firstly, the escalating cost pressures stemming from volatile raw material prices and intensifying competition exert downward pressure on profit margins. Manufacturers must navigate this landscape adeptly, leveraging economies of scale, operational efficiencies, and strategic partnerships to mitigate cost escalations.

Segments:

By Type

By Sales Channel

By Technology

By Vehicle Type

By Region

Contact Us:

Kings Research

Website: https://www.kingsresearch.com

E-mail: business@kingsresearch.com

Phone: (+1) 888 328 2189

[kadambarimmr123]

Due to strict regulations imposed on the car industry, which incorporate both active and passive safety systems, standards for road and automotive safety are becoming more severe.

[marketingreportz]

Lubricant Additives Market,Industry Forecast, 2024–2030.

Lubricant Additives Market Overview

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The increasing public interest in sustainable products has been a driving force behind the growing demand for Lubricant Additives. This trend aligns with the significant traction seen in bio-based lubricant additives, propelled by environmental concerns and regulatory pressures surrounding emission norms. These additives, derived from renewable resources, offer eco-friendly and sustainable solutions, reducing dependency on traditional petroleum-based additives. They exhibit improved biodegradability, lower toxicity, and enhanced lubrication performance. Manufacturers are investing in research to develop innovative bio-based additives that meet stringent performance requirements across various applications, from automotive to industrial lubricants. The increasing adoption of bio-lubricants is driven by a growing emphasis on sustainability and a push for greener alternatives across industries.

Additionally, there’s a growing demand for lubricant additives that offer multifunctional benefits beyond basic lubrication. Advanced functional additives are designed to cater to specific applications and address evolving performance requirements such as anti-wear, extreme pressure protection, friction reduction, and viscosity control. Manufacturers are focusing on developing additives with improved thermal stability, oxidation resistance, and compatibility with modern base oils. These additives are crucial for meeting the demands of high-performance engines, machinery, and equipment in diverse industries like automotive, aerospace, marine, and manufacturing. The trend is shifting towards tailored additives that offer enhanced performance under extreme operating conditions, prolonging equipment lifespan and reducing maintenance costs.

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COVID-19 Impact

COVID-19 pandemic had negatively impacted the lubricant additives market on a global level, as due to restrictions and lockdown imposed by governments all across the globe, the productivity went down of various manufacturing sectors like metalworking, fabricating oil & gas, chemicals, consumer goods, etc. But the automobile sector was majorly hit, as there was shutting down of large part of the auto industry and its many suppliers around the world. Hence due to this, vehicle usage, as well as vehicle sales, took a downfall. And as lubricants additives are used mainly in heavy-duty and passenger vehicle lubricants, so with the decline in vehicle production the demand for lubricant additives especially the passenger vehicle lubricant in the automotive segment also declined. As per the International Organization of Motor Vehicle Manufacturing, in 2020 there was a 16% global decline in vehicles production i.e., less than 78 million vehicles, with all major producing regions like the U.S, Brazil, Germany having a sharp decline of 11% to 44% and Europe saw a drop of 21% on average.

Market Snapshot:-

Report Coverage

The report: “Lubricant Additive Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Lubricant Additive Industry.

By Product Type — Hydraulic Oil, Gear Oil, Engine Oil, Transmission Oil, Compressor Oil (Air Compressor Oil, Gas Compressor Oil, Refrigerator Compressor Oil)

By Additive Type — Anti-Oxidants, Anti-Wear, Viscosity Improvers, Corrosion Inhibitors, Detergents, Dispersants, Others

By Application — Heavy Duty engine, Metal Working Fluids, Industrial Machinery, Others

By End-user-industry — Construction (Draglines, Crane, Bulldozer, Dump Trucks, Others), Automotive (Passenger Vehicles, Heavy Vehicles, Light Vehicles, Others), Agriculture (Tractors, Harvester, Balers, Harrows, Others), Food & Beverages, Energy (Wind Turbine, Solar Plant, Hydropower plant) Manufacturing, Others By Geography — North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

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Key Takeaways

Bio-lubricants are becoming a suitable replacement for petroleum-based lubricants as they provide better lubricity, high flashpoint, high viscosity index. And as bio-based lubricants are derived from bio-based raw material, so they are environmentally friendly.

Asia-Pacific region dominates the Lubricant Additive Market, industrial and automotive sector in countries like China, India, Japan is rapidly advancing. The region has become a global manufacturing and commercial hub where several major companies are planning to invest to expand their global image

The development of new and efficient lubricating technology like Matched Molecular Chemistry, which is more efficient, requires less maintenance and water cooling for industrial application has created significant growth opportunities for the lubricant additive industry

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Lubricant Additive Market Segment Analysis — By Product Type

Engine oil held the largest share in the Lubricant Additive Market in 2023, with a share of over 30%. As it helps to preserve engine performance, reduce wear and tear of machinery, provide prolonged life to it with consistent use, therefore it is used for all different kinds of machinery and engines. They are also used in heavy industrial equipment such as automobiles or construction equipment. For instance, In August 2023, China implemented robust measures to address its property market crisis, including the relaxation of mortgage policies and the initiation of guidelines for affordable housing construction. Hence such demand for affordable housing and an increase in infrastructure projects will drive construction in the country, due to which demand for engine oil used in heavy equipment like cranes and scrapers used in the construction sector will also increase.

Lubricant Additives Market Segment Analysis — By Additive Type

Viscosity index improvers held the largest share in the lubricant additives market in 2023, with a share of over 35%. Viscosity improver is majorly used to enhance the performance of the engine as it improves the performance of lubricant at high and low temperatures. As they are made of a polymeric molecule, so they are sensitive to changes in temperature i.e., the molecular chain contracts at low temperature and relax at high temperature. The automotive industry is the main user of this additive. In 2022, motor vehicle production in the U.S increased up to 9.8%. And, as per the European Association of Motorcycle Manufacturers, New motorcycle registrations in five of the largest European markets i.e. France, Germany, Italy, Spain and the UK) reached 873,985 units during the first nine months of 2023. This represents an increase of approximately 11.8% compared to the same period in 2022. As the production of two-wheeler and motor vehicles are increasing in the automotive sector in these regions, so demand for viscosity index improvers which is used in various automobile oils like engine oil, gear oil, hydraulic oil, transmission oil, etc. will also increase.

Lubricant Additive Market Segment Analysis — By Application

Heavy-Duty Engine held the largest share in the Lubricant Additive Market in 2023, with a share of around 40%. The lubricant for the heavy-duty engine is mainly used in heavy and off-road equipment like diesel trucks, bulldozers, Graders, etc. And it provides certain benefits like enhancing fuel economy, increase in engine life, minimizing downtime for equipment and vehicle, etc. As the equipment is used mainly in construction projects so their selection depends upon the work and economy of the project. For instance, in 2022, construction projects surged notably in the U.S., driven by policies like the IIJA and CHIPS Act, notably boosting facilities such as semiconductor factories and automobile assembly plants. Hence, with the increase in such construction projects the demand for lubricants used in heavy-duty equipment like a bulldozer, excavators will also increase.

Lubricant Additive Market Segment Analysis — By End User

The automotive segment held the largest share in the Lubricant Additive Market in 2023, with a share of over 45%. Lubricant additives are used in an automobile to clean, cool, prevent metal parts from corrosion and rust. Lubricants like engine oil are used to enhance fuel efficiency and performance of the engine in automobiles and gear oil is used in automobile gearbox to protect gear parts from high mechanical pressure. Hence with the rapid development in the automotive sector and increase in production of vehicles in major regions, the demand for gear and engine oil will also increase as it has high applicability in the automotive sector. For instance, as per the International Organization of Motor Vehicle Manufacturing, the global production volume of vehicles increased to 61 million in 2022 from 57 million, the previous year. As per European Automobile Manufacturers Association, the production of passenger cars in the EU increased by 8.3% in 2022.

Lubricant Additive Market Segment Analysis — By Geography

Asia-Pacific held the largest share in the lubricant additives market in 2023, with a share of over 35%. It is due to factors such as rising economies and an increase in investments in various industrial sectors. As per the Indian Brand and Equity Foundation, the automobile industry attracted Foreign Direct Investment equity inflow (FDI) worth US$34.74 billion between April 2000-March 2023, accounting for 5.45% of the total equity FDI during the period. As per the 2022 report of the European Automobile Manufacturers Association on global vehicle production, China produces 34.1% of 68.5 million cars manufactured worldwide followed by Europe 19.4%. And as per China Electronic Information Industry Development, the country is expected to spend US$1.4 trillion on new infrastructure projects between 2020–2025, including investments in renewable energy and residential buildings. Hence as the construction and automobile sector in China and India and the automobile sector in Japan & Korea are rapidly developing, so this has led to an increase in demand for advanced lubrication in these sectors in the Asia Pacific region.

Lubricant Additive Market Drivers

Changes in Automobile Engines Technology

Modern engines in terms of reliability and efficiency depend directly on the effectiveness of the lubricating system. lubrication is responsible for cooling internal parts of the engine which are acting relative to each other creating friction and heat which results in overheating. With the advancement in passenger car engine technology like Gasoline Direct Injection & Turbocharge Gasoline Direct Injection, there have been some advancements in lubricant standards too. For instance, in 2022, the evaluation commenced for the prospective ILSAC GF-7 standard, intended to supersede GF-6. The proposed improvements span crucial engine tests, aiming to adapt to evolving engine technologies, address component availability concerns, and align with potential EPA/CARB regulations. Hence such implementation will increase demand for lower viscosity index improvers lubricants as they are used in all vehicles and efficiently reduce engine friction.

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Nation’s effort for Achieving Fuel economy

For improving vehicle efficiency and transition to low carbon vehicles, various initiative has been launched in nations globally focusing on all automobile sectors like light-duty vehicles, heavy-duty vehicles, buses, motorcycles, trucks, etc. For instance, The Global Fuel Economy Initiative (GFEI) promotes fuel efficiency in cars and light duty vans, through the adoption of the cost-effective fuel efficiency technologies. These fuel efficiency gains would save 33Gt of CO2 by 2050 and $2 trillion by 2025, money which could be used to support the transition to electric vehicles. Hence such initiative will increase the demand for efficient lubricants like bio-based and nanotube-based lubricants that can be used in new vehicles to achieve low engine friction and fuel economy.

Lubricant Additive Market Challenge

Growing demand for E-Vehicles

Due to rising environmental concerns and growing technological advancements consumers have started shifting their demand from fuel combustion vehicles to electric hybrid vehicles. Various automotive plants for e-vehicles are being set up in countries. For instance, as per European Automobile Manufacturing Association, in 2022, the share of electric vehicles in new car registrations increased in almost all countries compared with the previous year. The highest shares were found in Norway (89%), Sweden (58%) and Iceland (56%). And as per the International Energy Agency, EV sales are expected to continue strongly through 2023. Over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. We currently expect to see 14 million in sales by the end of 2023. Hence such an increase in demand and production of e-vehicles can ban petrol and diesel vehicles which are the main consumers of lubricant, thereby negatively impacting the lubricant additive industry.

Lubricant Additive Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. Some of the major players in this market are as follows:

BASF SE

Croda International PLC

Evonik Industries AG

The Lubrizol Corporation

Afton Chemical Corporation

Infineum International Limited

BRB International

Chevron Oronite Company

LANXESS

Tianhe Chemicals Group

Recent Developments

In November 2023, IMCD China’s acquisition of Guangzhou RBD Chemical, a specialist in lubricant additives, signaled a significant stride in the Chinese industrial landscape. This strategic move fortified IMCD’s position, leveraging RBD’s extensive 20-year expertise in South China’s lubricants market. The acquisition, expected to close in Q1 2024, promises a transformative collaboration, enriching IMCD’s foothold in the lubricant additives sector.

In November 2023, Trecora LLC’s acquisition of Chemtrade’s Lubricant Additives Business expanded its specialty chemical division, enhancing its portfolio and meeting dynamic lubricant demands. This strategic move highlighted industry collaboration, emphasizing market adaptability and innovation.

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[energyandpowertrends]

Power Device Analyzer Market Forecast: Exploring Future Opportunities and Challenges

The Power Device Analyzer Market size was valued at USD 497.41 million in 2023 and is expected to grow to USD 756.2 million by 2031 with a growing CAGR of 5.4% over the forecast period of 2024–2031.

Market Overview

Power device analyzers are critical tools for measuring electrical parameters, including voltage, current, power, harmonics, and efficiency across a variety of devices and systems. They are essential for the development, testing, and quality control of power devices, which is increasingly important given the rise in renewable energy systems, electric vehicles (EVs), and industrial automation. The growing focus on energy efficiency and carbon reduction in power systems further accelerates the demand for reliable device analyzers.

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Key Market Drivers

Increased Adoption of Renewable Energy: As global power systems integrate higher levels of renewable energy, analyzers play a crucial role in monitoring the efficiency and reliability of power electronics involved in these systems.

Rising Demand for Electric Vehicles: The growth in EVs boosts demand for power device analyzers in R&D and manufacturing processes, as testing the efficiency of batteries, inverters, and chargers is critical for industry advancement.

Industrial Automation Growth: Automation requires precise power measurement tools, especially as industries rely more on variable-frequency drives (VFDs), motors, and automation controllers, which need accurate power monitoring for efficient operation.

Advancements in Power Electronics: As power electronics become more sophisticated, with components like MOSFETs, IGBTs, and SiC/GaN devices, precise analyzers are required to support efficient design and testing.

Increased Focus on Energy Efficiency: Industries are prioritizing energy-efficient practices to cut costs and reduce carbon footprints, driving the demand for accurate device analyzers.

Market Segmentation

The power device analyzer market is segmented by type, current range, application, and region.

By Type

Benchtop Analyzers: Primarily used in research laboratories, benchtop analyzers offer high precision and are commonly utilized for detailed testing of power electronics and devices.

Portable Analyzers: Designed for field applications, portable analyzers are compact and ideal for on-site testing and maintenance of electrical systems in industries and utilities.

By Current Range

Low-Range (<1A): Suited for small devices, such as consumer electronics and low-power applications.

Mid-Range (1A–100A): Suitable for medium-sized equipment, including some renewable energy and industrial automation applications.

High-Range (>100A): Primarily used for large industrial systems and high-power applications, including electric vehicle components and power utilities.

By Application

Automotive: In the automotive sector, especially within EV production, analyzers help ensure components such as batteries, converters, and motors meet efficiency standards.

Energy & Power: Analyzers are widely used for renewable energy systems, power generation, and transmission infrastructure.

Telecommunications: For telecom, analyzers help monitor energy consumption and efficiency in data centers and network infrastructure.

Consumer Electronics: Essential for testing the power efficiency and compliance of electronic devices.

Industrial: In manufacturing, analyzers are critical for the accurate measurement of machinery power consumption, aiding in process optimization.

Regional Analysis

North America: The region holds a significant market share, driven by advancements in automotive technology, renewable energy adoption, and extensive R&D activities. The U.S. and Canada are major contributors, focusing on energy efficiency and smart grid technology.

Europe: Europe’s stringent energy efficiency standards, combined with growing EV adoption and renewable energy projects, drive the demand for power device analyzers. Countries like Germany, France, and the U.K. are leading in smart power management systems.

Asia-Pacific: Home to a large manufacturing base, Asia-Pacific is witnessing rapid growth in the power device analyzer market. China, Japan, and South Korea are key players, driven by industrial automation and investments in renewable energy projects.

Middle East & Africa: Increased investment in renewable energy and infrastructure projects boosts the demand for power analyzers, particularly in countries like the UAE and South Africa.

Latin America: Growth in the industrial sector and increasing demand for reliable power infrastructure create opportunities for power device analyzers, with Brazil and Mexico leading the region’s growth.

Current Market Trends

Smart Grid and IoT Integration: Analyzers are increasingly used in smart grid applications, where IoT integration enhances remote monitoring and control capabilities, allowing for efficient grid management.

Focus on SiC and GaN Technologies: As SiC and GaN technologies gain traction in power electronics, especially in high-efficiency applications, analyzers are required for precise testing of these components.

Enhanced Features for Real-Time Data Analysis: Modern analyzers offer real-time monitoring and data analysis, enabling quick identification and resolution of power inefficiencies in systems.

Increased R&D Investment: Major manufacturers are investing heavily in R&D to improve the accuracy, portability, and ease of use of analyzers, expanding their application scope.

Regulatory Compliance for Energy Efficiency: As governments worldwide push for higher energy standards, the role of analyzers in ensuring compliance is essential for various industries.

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Challenges

High Equipment Costs: Precision power device analyzers are often costly, limiting their adoption among small and medium-sized enterprises.

Technical Complexity: The operation of advanced analyzers requires skilled technicians, which can be a barrier for some industries.

Market Competition: With multiple players in the market, companies face pressure to innovate continually and maintain competitive pricing.

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SNS Insider is a global leader in market research and consulting, shaping the future of the industry. Our mission is to empower clients with the insights they need to thrive in dynamic environments. Utilizing advanced methodologies such as surveys, video interviews, and focus groups, we provide up-to-date, accurate market intelligence and consumer insights, ensuring you make confident, informed decisions.   Contact Us: Akash Anand — Head of Business Development & Strategy info@snsinsider.com  Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

[jayanthitbrc]

Global Quantum Computing In Automotive Market Analysis 2024: Size Forecast and Growth Prospects

The quantum computing in automotive global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Quantum Computing In Automotive Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The quantum computing in automotive market size has grown exponentially in recent years. It will grow from $0.28 billion in 2023 to $0.35 billion in 2024 at a compound annual growth rate (CAGR) of 25.4%. The growth in the historic period can be attributed to increased government investments, increased focus on optimizing the energy efficiency of automotive systems, increased usage of software, increased adoption of personal autonomous vehicles, rise in automotive industry.

The quantum computing in automotive market size is expected to see exponential growth in the next few years. It will grow to $0.88 billion in 2028 at a compound annual growth rate (CAGR) of 25.6%. The growth in the forecast period can be attributed to rising investment by automotive companies, rising sales of electric and hybrid electric vehicle, increasing complexity of automotive systems, growing focus on enhancing the performance and safety of autonomous vehicles, increasing adoption of shared autonomous vehicles. Major trends in the forecast period include enhanced vehicle design and optimization, advancements in autonomous driving, supply chain and manufacturing optimization, emergence of highly sensitive sensors, demand for innovative solutions.

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Scope Of Quantum Computing In Automotive MarketThe Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Quantum Computing In Automotive Market Overview

Market Drivers -The rise in electric and hybrid electric vehicle sales is expected to propel the growth of quantum computing in the automotive market going forward. Electric vehicles (EVs) are automobiles powered by electricity alone, utilizing electric motors for propulsion and rechargeable battery packs as their primary energy source. Hybrid electric vehicles (HEVs) combine an internal combustion engine, typically gasoline-fueled, with an electric propulsion system. Electric and hybrid electric vehicles (HEVS) utilize a combination of an internal combustion engine and an electric propulsion system. The rise in electric and hybrid electric vehicle sales is due to sustainable and efficient transportation options and the demand for advanced computational power to optimize vehicle design, battery management, and autonomous driving systems. Quantum computing offers unparalleled capabilities in processing complex simulations and algorithms faster than traditional computers, which is crucial for enhancing the performance and efficiency of electric and hybrid vehicles. For instance, in April 2024, according to stats published by Zapmap, a UK-based mapping service, electric car sales in 2023 surged by 3.5 million vehicles compared to the previous year, representing a remarkable 35% year-on-year increase. Therefore, the rise in electric and hybrid electric vehicle sales is driving the growth of quantum computing in the automotive market.

Market Trends - Major companies operating in quantum computing in the automotive market are collaborating to develop fast-track sustainable mobility, such as hybrid quantum-classical workflow using cutting-edge quantum computers. A hybrid quantum-classical workflow is a computational approach that integrates quantum computing with classical computing to solve complex problems more efficiently than either type of computing could. For instance, in August 2023, BMW Group, a Germany-based automotive company, Airbus, a Netherland-based aircraft company, and Quantinuum, a US-based quantum computing company, partnered to develop a hybrid quantum-classical workflow to accelerate research using quantum computers. This collaboration focuses on simulating the oxygen reduction reaction (ORR) on platinum-based catalysts used in fuel cells. The ORR is a critical chemical process in fuel cells that converts hydrogen and oxygen into water and electricity, but it is relatively slow and requires a lot of expensive platinum catalysts.

The quantum computing in automotive market covered in this report is segmented –

1) By Component: Hardware, Services, Software 2) By Technology: Quantum Annealing, Superconducting Qubits, Topological And Photonic, Trapped Ions 3) By Deployment Type: On-Cloud, On-Premise 4) By Application: Autonomous And Connected Vehicle, Battery Optimization, Material Research, Production Planning And Scheduling, Route Planning And Traffic Management 5) By End-User: Original Equipment Manufacturer (OEM), Warehousing And Distribution

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Regional Insights - Asia-Pacific was the largest region in the quantum computing in automotive market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum computing in automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the quantum computing in automotive market are Amazon.com Inc., Volkswagen AG, Google LLC, Microsoft Corporation, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG (BMW) , Robert Bosch GmbH, Airbus SE, Accenture Plc, IBM Corporation , Denso Corporation, Honeywell International Inc., AISIN Corporation (formerly Aisin Seiki Co., Ltd.), Fujitsu Limited, NEC Corporation, Rigetti And Co LLC , Atos SE, Booz Allen Hamilton, Quantinuum, Xanadu Quantum Technologies Inc., IonQ Inc. , QC Ware Corporation, D-Wave Systems Inc. , Classiq Technologies Ltd.

Table of Contents 1. Executive Summary 2. Quantum Computing In Automotive Market Report Structure 3. Quantum Computing In Automotive Market Trends And Strategies 4. Quantum Computing In Automotive Market – Macro Economic Scenario 5. Quantum Computing In Automotive Market Size And Growth ….. 27. Quantum Computing In Automotive Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[marketresearchintent]

Electric Vehicle Motor Controller Market Projects Exceptional Growth: 2023 Value of USD 5.0B to Triple by 2030

As per Intent Market Research, the Electric Vehicle Motor Controller Market was valued at USD 5.0 billion in 2023 and will surpass USD 13.3 billion by 2030; growing at a CAGR of 14.8% during 2024 - 2030. This remarkable growth trajectory is driven by the accelerating adoption of electric vehicles globally, technological advancements in motor control systems, and supportive government initiatives promoting sustainable transportation solutions.

Market Dynamics

Growth Drivers

The electric vehicle motor controller market is experiencing unprecedented growth, propelled by several key factors. The global push towards reducing carbon emissions has led to increased adoption of electric vehicles across both personal and commercial segments. Government incentives and subsidies in major markets have made EVs more accessible to consumers, directly impacting the demand for motor controllers.

Technological advancements in power electronics and control systems have significantly improved the efficiency and performance of motor controllers. Modern controllers offer enhanced features such as regenerative braking, advanced thermal management, and improved power density, making them essential components in the EV ecosystem.

Market Challenges

Despite the positive outlook, the market faces certain challenges. The global semiconductor shortage has impacted production capabilities, leading to supply chain disruptions. Additionally, the high initial cost of advanced motor controllers and the need for specialized technical expertise in development and manufacturing pose challenges to market growth.

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Market Segmentation

By Controller Type

The market is segmented into DC motor controllers, AC motor controllers, and permanent magnet motor controllers. AC motor controllers currently dominate the market due to their superior efficiency and performance characteristics. However, permanent magnet motor controllers are gaining traction due to their compact size and improved power density.

By Vehicle Type

The market serves various vehicle segments including:

Passenger vehicles (largest segment)

Commercial vehicles

Two-wheelers

Special purpose vehicles

Passenger vehicles represent the largest market share, driven by increasing consumer adoption of electric cars and supportive infrastructure development.

Regional Analysis

North America and Europe lead the market in terms of technology adoption and innovation. These regions benefit from strong regulatory support and well-developed charging infrastructure. Asia Pacific, particularly China, represents the fastest-growing market, driven by large-scale manufacturing capabilities and government support for EV adoption.

Competitive Landscape

The market features a mix of established automotive component manufacturers and innovative startups. Key players include:

Major automotive suppliers focusing on integrated powertrain solutions

Specialized controller manufacturers developing advanced technologies

Emerging companies offering innovative control algorithms and software solutions

Companies are investing heavily in R&D to develop more efficient and cost-effective solutions while establishing strategic partnerships to strengthen their market position.

Technological Trends

Current Innovations

Integration of artificial intelligence for optimized performance

Advanced thermal management systems

Silicon carbide-based power electronics

Enhanced regenerative braking capabilities

Smart connectivity features

Future Developments

The industry is moving towards more integrated solutions that combine multiple functions in single units. This trend is driven by the need for:

Improved efficiency

Reduced system complexity

Lower manufacturing costs

Enhanced reliability

Market Opportunities

Growing Applications

The market presents significant opportunities in:

Electric commercial vehicles

Electric two-wheelers

Off-highway vehicles

Marine applications

Emerging Markets

Developing economies offer substantial growth potential due to:

Increasing EV adoption

Government support for electric mobility

Growing environmental awareness

Improving charging infrastructure

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Future Outlook

The electric vehicle motor controller market is poised for substantial growth, driven by:

Continuing technological innovations

Decreasing component costs

Expanding EV market

Stricter emission regulations

Key focus areas for market players include:

Development of more efficient controllers

Cost optimization

Enhanced integration capabilities

Improved reliability and durability

About Us

Intent Market Research (IMR) is dedicated to delivering distinctive market insights, focusing on the sustainable and inclusive growth of our clients. We provide in-depth market research reports and consulting services, empowering businesses to make informed, data-driven decisions.

Our market intelligence reports are grounded in factual and relevant insights across various industries, including chemicals & materials, healthcare, food & beverage, automotive & transportation, energy & power, packaging, industrial equipment, building & construction, aerospace & defense, and semiconductor & electronics, among others.

We adopt a highly collaborative approach, partnering closely with clients to drive transformative changes that benefit all stakeholders. With a strong commitment to innovation, we aim to help businesses expand, build sustainable advantages, and create meaningful, positive impacts.

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