#Battery Market growth drivers

[mordormr]

Battery Market Analysis: Key Players, Growth Drivers, and Future Outlook

In today's technology-driven world, batteries are the unsung heroes that power our devices, from smartphones to electric vehicles. As our reliance on portable and sustainable energy solutions grows, the battery market is experiencing exponential growth. This blog post, based on insights from Mordor Intelligence, delves into the key players, growth drivers, and future outlook of this dynamic market.

Key Players Shaping the Battery Landscape

The battery market is a competitive landscape with established players and innovative startups vying for market share. Some of the leading companies include:

CATL (Contemporary Amperex Technology Co. Limited)

Panasonic Corporation

LG Chem Ltd.

BYD Company Ltd.

Samsung SDI Co., Ltd.

These companies are constantly innovating and developing new battery technologies to improve performance, increase energy density, and reduce costs.

Growth Drivers Fueling the Market

Several factors are propelling the global battery market:

Rise of Electric Vehicles (EVs): The shift towards electric vehicles is a major driver for the battery market. EVs require high-performance batteries with long range and fast charging capabilities.

Growing Demand for Portable Electronics: Our increasing reliance on smartphones, laptops, and other portable devices creates a constant demand for batteries with longer lifespans and higher capacities.

Integration with Renewable Energy: Batteries play a crucial role in storing energy generated from renewable sources like solar and wind power. This allows for a more reliable and sustainable energy grid.

Focus on Miniaturization and Lighter Materials: The need for smaller and lighter batteries for portable devices and drones is driving advancements in battery design and materials science.

Government Initiatives: Many governments are offering subsidies and tax breaks to promote the adoption of electric vehicles and renewable energy sources. This indirectly creates a favorable environment for the battery market.

A Look Ahead: The Future of Batteries

The future of the battery market is brimming with exciting possibilities. Here are some key trends to watch:

Solid-State Batteries: Solid-state batteries offer a promising alternative to traditional lithium-ion batteries. They boast faster charging times, higher energy density, and improved safety.

Artificial Intelligence (AI) in Battery Development: AI can be utilized to accelerate the development of new battery materials and optimize battery design for improved performance and efficiency.

Second-Life Batteries: As electric vehicle batteries reach the end of their lifespan in EVs, they can be repurposed for other applications like stationary energy storage. This promotes sustainability and resource efficiency.

Recycling and Sustainability: Developing efficient and environmentally friendly battery recycling processes will be crucial as the battery market continues to grow.

Conclusion

The battery market plays a vital role in powering our modern world. With key players constantly innovating and new technologies emerging, the future of batteries is promising. As the focus shifts towards sustainability and clean energy solutions, batteries will continue to be a critical component of our energy infrastructure. The battery market analysis highlights the tremendous potential for batteries to revolutionize how we generate, store, and use energy, paving the way for a more sustainable and connected future.

[ramkumarss]

Lithium-Ion Battery Market Share Growing High CAGR During 2023-29

According to Precision Business Insights, the global Lithium-Ion Battery Market is poised to grow at a significant CAGR of 12.1% during forecast period 2023-29

The global lithium-ion battery market size was valued at USD 42.1 Billion in 2022 and is poised to grow at a significant CAGR of 12.1% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the lithium-ion battery market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.  

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-lithium-ion-battery-market                 

The global lithium-ion battery market segmentation: 1) By Battery Chemistry : Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Nickel Manganese Cobalt (Li-NMC), Lithium Titanate Oxide (Lto ).

2) By Source : Electric Vehicles, Electronics, Power Tools, Others

3) By Recycling Process : Hydrometallurgical Process, Physical/Mechanical Process, Pyrometallurgy Process

4) By End-User : Automotive, Non-automotive (Industrial, Power, Marine, Others)

The primary factors of the lithium-ion battery market drivers are increased adoption of batteries in power grid and energy storage systems. The lithium-ion battery market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.

The lithium-ion battery marketresearchreport gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the lithium-ion battery market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions. Request sample report at - https://www.precisionbusinessinsights.com/request-sample/?product_id=36105              The important profiles and strategies adopted by lithium-ion battery market key players Glencore PLC Green Technology Solutions, Inc. Li-Cycle Technology Recupyl Sas Umicore SA Metal Conversion Technologies LLC Retriev Technologies Inc. Raw Materials Company TES-AMM Pte Ltd American Battery Technology Company, covered here to help them in strengthening their place in the market.

About Precision Business Insights: We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

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[amr-packaging]

Battery Packaging Market Analysis Key Trends, Industry Statistics, Growth Opportunities, Key Players by 2030

Packaging solutions for batteries. The most common means of selecting a packaging for dangerous goods is based on packaging that has already been approved for the product in question. By level of packaging, the market was segmented into cell & pack packaging and transportation packaging.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Battery Packaging market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Battery Packaging market in terms of revenue.

Players, stakeholders, and other participants in the global Battery Packaging market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2022-2030.

Click here to get free sample report: https://analyticsmarketresearch.com/sample-request/battery-packaging-market/16590/

Global Battery Packaging Market: Major Players

Manika Moulds

Heitkamp & Thumann Group

Covestro

United Parcel Service (UPS)

DHL

DS Smith

Fedex

Nefab

DGM Services, Inc.

Zarges

Labelmaster

Global Battery Packaging Market: By Types

Corrugated

Blister

Global Battery Packaging Market: By Applications

Lithium-ion Battery

Lead-acid Battery

Global Battery Packaging Market: Regional Analysis

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Battery Packaging market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

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Points Covered in The Report

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.

The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Analytics Market Research

Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

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[data-bridge]

South Africa Battery Market Applications, Products, Share, Growth, Insights and Forecasts Report 2030

Industry Analysis

Data Bridge Market Research analyses that the battery market was valued at USD 965.57 million in 2022 and is expected to reach the value of USD 1747.87 million by 2030, at a CAGR of 7.70% during the forecast period.

Additionally, the credible South Africa Battery Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Semiconductors and Electronics industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

Get a Free Sample of The Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=south-africa-battery-market

Market Insights and Scope            

A battery is a device that converts chemical energy into electric energy contained within its active materials directly utilizing an electrochemical oxidation and reduction (redox) reaction. This type of reaction includes the transfer of electrons from one material to another through an electric circuit. Whereas the term battery is frequently used, the cell is the actual electrochemical unit that is used to store or generate electric energy.

An international South Africa Battery Market research report examines competitive companies and manufacturers in the global market. Competitive analysis carried out in this market report puts forth the moves of the key players in the Semiconductors and Electronics industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. It studies market by product type, applications and growth factors.

Get full access to the report:https://www.databridgemarketresearch.com/reports/south-africa-battery-market

Industry Segmentation

The battery market is segmented based on the battery type, type, sales channel, voltage range, components and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Battery Type

Lead-acid Battery

Lithium-ion Battery

Nickel-cadmium Battery

Nickel Metal Hydride Battery

Nickel-zinc Battery

Flow Battery

Sodium-sulphur Battery

Zinc-manganese Dioxide Battery

Small Sealed Lead-acid Battery

Other Batteries

Type

Secondary

Primary

Sales Channel

Direct

Indirect

Voltage Range

Less than 50 Volt

51 Volt to 100 Volt

More than 100 Volt

 Components

Anode

Cathode

Separator Outer Body/Container

 Application

Automotive

Commercial

Mobile Phone

Electronic Devices

Industrial

Others

 

Research Methodology: South Africa Battery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Industry Share Analysis

Some of the major players operating in the battery market are:

Banner (Austria)

DYNAVOLT Power (China)

Tianneng rechargeable battery manufacturers (China)

leoch International Technology Limited Inc, (China)

Manbat Ltd T/A SYBS (U.S.)

ENERSYS. (U.S.)

Chaowei Power Holdings Ltd (China)

KOYO BATTERY CO., LTD (China)

Robert Bosch GmbH (Germany)

GS Yuasa International Ltd (Japan)

EXIDE INDUSTRIES LTD (India)

Battery Tender (U.S.)

Camel Group Co., Ltd (China)

Reem Batteries & Power Appliances Co. SAOC (Dubai)

Saft (France)

C&D TECHNOLOGIES, INC. (U.S.)

Panasonic Corporation (Japan)

An influential South Africa Battery Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).

 

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[rjzimmerman]

Excerpt from this Op-Ed from the New York Times:

At first glance, Xi Jinping seems to have lost the plot.

China’s president appears to be smothering the entrepreneurial dynamism that allowed his country to crawl out of poverty and become the factory of the world. He has brushed aside Deng Xiaoping’s maxim “To get rich is glorious” in favor of centralized planning and Communist-sounding slogans like “ecological civilization” and “new, quality productive forces,” which have prompted predictions of the end of China’s economic miracle.

But Mr. Xi is, in fact, making a decades-long bet that China can dominate the global transition to green energy, with his one-party state acting as the driving force in a way that free markets cannot or will not. His ultimate goal is not just to address one of humanity’s most urgent problems — climate change — but also to position China as the global savior in the process.

It has already begun. In recent years, the transition away from fossil fuels has become Mr. Xi’s mantra and the common thread in China’s industrial policies. It’s yielding results: China is now the world’s leading manufacturer of climate-friendly technologies, such as solar panels, batteries and electric vehicles. Last year the energy transition was China’s single biggest driver of overall investment and economic growth, making it the first large economy to achieve that.

This raises an important question for the United States and all of humanity: Is Mr. Xi right? Is a state-directed system like China’s better positioned to solve a generational crisis like climate change, or is a decentralized market approach — i.e., the American way — the answer?

How this plays out could have serious implications for American power and influence.

Look at what happened in the early 20th century, when fascism posed a global threat. America entered the fight late, but with its industrial power — the arsenal of democracy — it emerged on top. Whoever unlocks the door inherits the kingdom, and the United States set about building a new architecture of trade and international relations. The era of American dominance began.

Climate change is, similarly, a global problem, one that threatens our species and the world’s biodiversity. Where do Brazil, Pakistan, Indonesia and other large developing nations that are already grappling with the effects of climate change find their solutions? It will be in technologies that offer an affordable path to decarbonization, and so far, it’s China that is providing most of the solar panels, electric cars and more. China’s exports, increasingly led by green technology, are booming, and much of the growth involves exports to developing countries.

From the American neoliberal economic viewpoint, a state-led push like this might seem illegitimate or even unfair. The state, with its subsidies and political directives, is making decisions that are better left to the markets, the thinking goes.

But China’s leaders have their own calculations, which prioritize stability decades from now over shareholder returns today. Chinese history is littered with dynasties that fell because of famines, floods or failures to adapt to new realities. The Chinese Communist Party’s centrally planned system values constant struggle for its own sake, and today’s struggle is against climate change. China received a frightening reminder of this in 2022, when vast areas of the country baked for weeks under a record heat wave that dried up rivers, withered crops and was blamed for several heatstroke deaths.

[zvaigzdelasas]

Clean energy contributed a record 11.4tn yuan ($1.6tn [USD]) to China’s economy in 2023, accounting for all of the growth in investment and a larger share of economic growth than any other sector. The new sector-by-sector analysis for Carbon Brief, based on official figures, industry data and analyst reports, illustrates the huge surge in investment in Chinese clean energy last year – in particular, the so-called “new three” industries of solar power, electric vehicles (EVs) and batteries. Solar power, along with manufacturing capacity for solar panels, EVs and batteries, were the main focus of China’s clean-energy investments in 2023, the analysis shows.[...]

Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023.

China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey.

Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year.

Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023.[...]

The surge in clean-energy investment comes as China’s real-estate sector shrank for the second year in a row. This shift positions the clean-energy industry as a key part not only of China’s energy and climate efforts, but also of its broader economic and industrial policy.[...]

The growing importance of these new industries gives China a significant economic stake in the global transition to clean-energy technologies.[...]

In total, clean energy made up 13% of the huge volume of investment in fixed assets in China in 2023, up from 9% a year earlier.[...]

The major role that clean energy played in boosting growth in 2023 means the industry is now a key part of China’s wider economic and industrial development.[...]

Solar was the largest contributor to growth in China’s clean-technology economy in 2023. It recorded growth worth a combined 1tn yuan of new investment, goods and services, as its value grew from 1.5tn yuan in 2022 to 2.5tn yuan in 2023, an increase of 63% year-on-year. While China has dominated the manufacturing and installations of solar panels for years, the growth of the industry in 2023 was unprecedented.[...]

An estimated 200GW was added across the country during 2023 as a whole, more than doubling from the record of 87GW set in 2022[...]

China experienced a significant increase in solar product exports in 2023. It exported 56GW of solar wafers, 32GW of cells and 178GW of modules in the first 10 months of the year, up 90%, 72% and 34% year-on-year respectively [...] However, due to falling costs, the export value of these solar products only increased by 3%.

Within the overall export growth there were notable increases in China’s solar exports to countries along the “belt and road”, to southeast Asian nations and to several African countries.[...]

China installed 41GW of wind power capacity in the first 11 months of 2023, an increase of 84% year-on-year in new additions. Some 60GW of onshore wind alone was due to be added across 2023[...]

In addition, offshore wind capacity increased by 6GW across the whole of 2023.[...]

By the end of 2023, the first batch of “clean-energy bases” were expected to have been connected to the grid, contributing to the growth of onshore wind power, particularly in regions such as Inner Mongolia and other northwestern provinces. The second and third batches of clean-energy bases are set to continue driving the growth in onshore wind installations. The market is also being driven by the “repowering” of older windfarms, supported by central government policies promoting the model of replacing smaller, older turbines with larger ones.[...]

Despite technological advancements reducing costs, increases in raw material prices have resulted in lower profit margins compared to the solar industry[...]

China’s production of electric vehicles grew 36% year-on-year in 2023 to reach 9.6m units, a notable 32% of all vehicles produced in the country. The vast majority of [B]EVs produced in China are sold domestically, with sales growing strongly despite the phase-out of purchase subsidies announced in 2020 and completed at the end of 2022.[...]

Sales of [B]EVs made in China reached 9.5m units in 2023, a 38% year-on-year increase. Of this total, 8.3m were sold domestically, accounting for one-third of Chinese vehicle sales overall, while 1.2m [B]EVs were exported, a 78% year-on-year increase.[...]

China’s EV market is highly competitive, with at least 94 brands offering more than 300 models. Domestic brands account for 81% of the EV market, with BYD, Wuling, Chery, Changan and GAC among the top players.[...]

The analysis assumes that EVs accounted for all of the growth in investment in vehicle manufacturing capacity [...] while investment in conventional vehicles was stable[...]

Meanwhile, EV charging infrastructure is expanding rapidly, enabling the growth of the EV market. In 2022, more than 80% of the downtown areas of “first-tier” cities – megacities such as Beijing, Shanghai and Guangzhou – had installed charging stations, while 65% of the highway service zones nationwide provided charging points.

More than 3m new charging points were put into service during 2023, including 0.93m public and 2.45m private chargers. The accumulated total by November 2023 reached 8.6m charging points.[...]

China is rapidly scaling up electricity storage capacity. This has the potential to significantly reduce China’s reliance on coal- and gas-fired power plants to meet peaks in electricity demand and to facilitate the integration of larger amounts of variable wind and solar power into the grid. The construction of pumped hydro storage capacity increased dramatically in the last year, with capacity under construction reaching 167GW, up from 120GW a year earlier.[...]

Data from Global Energy Monitor identifies another 250GW in pre-construction stages, indicating that there is potential for the current surge in capacity to continue.

Construction of new battery manufacturing capacity was another major driver of investments, estimated at 0.3tn [yuan].[...]

Investment in electrolysers for “green” hydrogen production almost doubled year-on-year in 2023, reaching approximately 90bn yuan, based on estimates for the first half of the year from SWS Research. [...]

China’s ministry of transportation reported that investment in railway construction increased 7% in January–November 2023, implying investment of 0.8tn for the full year. This includes major investments in both passenger and freight transport. Investment in roads fell slightly, while investment in railways overall grew by 22%. The share of freight volumes transported by rail in China has increased from 7.8% in 2017 to 9.2% in 2021, thanks to the rapid development of the railway network. In 2022, some 155,000km of rail lines were in operation, of which 42,000km were high-speed. This is up from 146,000km of which 38,000km were high-speed in 2020.[...]

In 2023, 10 nuclear power units were approved in China, exceeding the anticipated rate of 6-8 units per year set by the China Nuclear Energy Association in 2020 for the second year in a row. There are 77 nuclear power units that are currently operating or under construction in China, the second-largest total in the world. The total yearly investment in 2023 was estimated for this analysis at 87bn yuan, an increase of 45% year-on-year[...]

State Grid, the government-owned operator that runs the majority of the country’s electricity transmission network, has a target to raise inter-provincial power transmission capacity to 300GW by 2025 and 370GW by 2030, from 230GW in 2021. These plans play a major role in enabling the development of clean energy bases in western China. China Electricity Council reported investments in electricity transmission at 0.5tn yuan in 2023, up 8% on year – just ahead of the level targeted by State Grid.[...]

China’s reliance on the clean-technology sectors to drive growth and achieve key economic targets boosts their economic and political importance. It could also support an accelerated energy transition. The massive investment in clean technology manufacturing capacity and exports last year means that China has a major stake in the success of clean energy in the rest of the world and in building up export markets. For example, China’s lead climate negotiator Su Wei recently highlighted that the goal of tripling renewable energy capacity globally, agreed in the COP28 UN climate summit in December, is a major benefit to China’s new energy industry. This will likely also mean that China’s efforts to finance and develop clean energy projects overseas will intensify.

Globally, China’s unprecedented clean-energy manufacturing boom has pushed down prices, with the cost of solar panels falling 42% year-on-year – a dramatic drop even compared to the historical average of around 17% per year, while battery prices fell by an even steeper 50%. This, in turn, has encouraged much faster take-up of clean-energy technologies.[...]

The clean-technology investment boom has provided a new lease of life to China’s investment-led economic model. There are new clean-energy technologies where there is scope for expansion, such as [Hydrogen] electrolysers.

Mind-blowing is the only word for it rly [25 Jan 24]

[hawpmobility]

Why Uber & Ola do not care about riders & drivers?

Global market for ride hailing is pegged at anything above USD 85 billion dollar annually. The market is not only huge but also growing at breathtaking pace of around 17% . To put things in perspective at this pace of growth the market is set to double every 4.5 years. Compare that with your bank deposit which will take 15–20 years to double if you are living in developed countries or developing economies like India and China.

The market has been evolving over the decades with few innovations here and few there. However, advent of category defining company Uber has upended the industry in unprecedented manner. The beauty of Uber platform lies in innovative plumbing of technologies developed before it but after early 2000s. Chief among them are smart phones & Google maps . Such has been the success of Uber’s model that it has assumed an envying place in english language i.e. “Uberization” . The entire shared economy as we see today is inspired by Uber.

And many copycats have also emerged in the same market as Uber salivating the prospects built on the size and growth of the industry.

So What’s the problem?

The very solution which distrupted the market is becoming the key problem and it seems that the market is ready for yet another decadal change.

A little background will help before we move on. Uber relied on efficient matching of drivers and riders by signaling power of prices or fares. It has. utilized its prediction engine combined with real time data to change the prices to match supply with demand or vice versa. The engine increases price to attract drivers to pockets of high demand & reduces the price where the demand is muted. The trick has enabled it to provide more business to its drivers and increased utilization of their vehicles. On the other hand it has successfully provided reliable (really?) vehicle availability to the riders.

But the engine has created problems of its own principally those related to ethics & fair dealing.

I have not understood. Please explain!

The model in which Uber works relies on platform effect. Simply put the higher the number of users on its platform higher will be the value of the participants. For example, an additional driver will ensure more choice and increased competition thereby reducing tariffs to riders or open up new routes. Also, a new rider will increase the earning potential for drivers thus attracting ever more drivers. So once the flywheel started moving it will gather momentum oon its own.

The downside of this mechanism is that the model makes the market winner-takes-it-all. So market will only have 1–2 players to have enough scale to provide value to riders ( choice or fare) or to drivers ( higher business) . Now the winner or couple of winners will have control of market. This is evident in today’s market where drivers pay high commissions and riders accept surge pricing for convenience ( not that they want to). The fares do not reflect economic costs but the level of dependency riders have on Uber and likes. The fares are based on “Willingness-to-pay” which is a euphemism for gouging money as much as can be exracted based on the desperation of riders. A few of you may know that fares not only acccount for distance or demand-supply mismatch but also what is the battery level of your phone which may make you desperate to accept fares.

Moreover, the algorithms used by the incubments use what is called Machine Learning ( ML)) . The programs built on this technology are useful in many situations but inherently biased. The ML models are built by feeding lots of data and finding a pattern which can then be utilized for predictive purposes.

However, many of the readers would know that these models perpetuate the bias in data. For example , many studies have discovered that crime prevention models based on ML have shown bias against minorities and backward section of the society . This has led it further supression of these sections .

Similarly , ML models used by ride hailing app are fed on non-representative data of many situations. For example , on a rainy day couple of riders have accepted very high fares. This will be fed back to model which will show yet higher fares to subsequent riders. It may lead to complete breakdown of demand supply matching framework apart from raising ethical questions.

The unencumbered use of technology is not beneficial for even the drivers who may miss out on business due to high fares.

What’s the solution?

This article does not, in any way, deprecate the use of technology. But strongly backs to augment human capabilities with the use of technology . The decision making ought not be left to machines but it must be enhanced by efficient processing of information.

So can we expect some changes?

Definitely, the market is big & growing and perhaps the users will also want to try out the alternatives to the incumbent.

Source: This article has been originally published on Hawp

[tritonmarketresearch]

Rising Power Consumption to Drive the Portable Power Station Market

Triton Market Research presents the Global Portable Power Station Market report segmented by Power Source Type (Solar Power, Direct Power), by Usage Type (Off-Grid Power, Emergency Power, Other Usage Types), by Capacity Range (Below 500 Wh, 501-1500 Wh, Above 1500 Wh), by Battery Type (Sealed Lead-Acid Batteries, Lithium-Ion Batteries), by Geographical Region (North America, Europe, Middle East and Africa, Asia-Pacific, Latin America), discussing Market Summary, Industry Outlook, Market Drivers, Market Challenges, Market Opportunities, Competitive Landscape, Research Methodology & Scope, and Global Market Size, Forecast, & Analysis (2022-2028).

According to the report by Triton Market Research, the Global Portable Power Station Market is likely to develop with a CAGR of 5.6% during the forecast years from 2022 to 2028.

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Portable power stations offer distinct benefits over conventional generators, such as, they do not require the use of fuel, propane, or kerosene to function. This saves the costs and efforts on engine maintenance, thus making portable power stations more preferable for usage. Also, they are compact in size, which offers convenience and ease of carrying. Owing to numerous such advantages, the global market is anticipated to witness notable growth in the years to come.

However, the high price of battery-operated portable power stations and the long charging times taken by solar-powered portable power stations are likely to hamper the market’s development.

North America leads the global market for portable power stations, and held the largest revenue share in 2021. According to statistics from the North American Camping Report 2021, the number of households participating in camping activities reached nearly 48.2 million in 2020. This surge in camping activities, such as fishing, trekking, hiking, and climbing, across the region, has boosted the adoption of portable power stations to ensure continuous power supply to people whilst outdoors.

Suaoki, Duracell Inc, Goal Zero, Lion Energy LLC, Scott Electric, Bluetti, Anker Technology, Shenzhen Chafon Technology Co Ltd, Chargetech, Hyundai Power Products, EcoFlow, Drow Enterprises Co Ltd, AllPowers Industrial International Co Ltd, Jackery Inc, and Midland Radio Corporation are some of the notable players in the portable power station market.

The portable power station market has a diverse and evolving ecosystem. The key stakeholders include raw material providers, manufacturers, and suppliers. Raw material and component manufacturers supply various materials and components to product manufacturers, who then use them to design and manufacture the final products. These products are then supplied to end-users via different mediums, including direct sales via company distributors and third-party sales via third-party distributors.

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Europe SCARA Robot Market - Forecast (2022 - 2027)

The present SCARA robots are equipped with battery power encoders. This type of SCARA robots requires high maintenance cost. To reduce the maintenance cost of the SCARA robots the SCARA robots manufacturing companies are now focusing on the implementation of the T3 technology in SCARA robots the engineer does not have to halt the system to swap the batteries. This T3 technology will also help in reducing the power consumption by 30%.  By implantation of this technology which helps in reducing the maintenance cost is expected to drive the market of the SCARA robots in Europe. The Europe SCARA robot market is estimated to grow at a CAGR of 11.1% during forecast period i.e. 2018-2023. Germany is the fastest growing market with a CAGR of 14.5% which is mainly attributed to the growing demand from automotive industry. Italy and France are huge markets for SCARA Robots and thus have an immense demand for SCARA robots.

Europe SCARA Robot Market Outlook:

The SCARA stands for Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm. These are specially designed for the peg board type assembly and are heavily used in the electronics industry. These robots tend to be fairly small and capable of operating at high speed. They are used for assembly, palletisation and machine loading. Rising automotive production in Europe is driving the market. SCARA robots are used for different applications such as the assembling the vehicle parts of the vehicle, handling and transfer of the large automotive parts in this sector. SCARA Robots reduce the time taken for manufacturing of the vehicle and this is expected to create ample opportunities for SCARA robots. According to IndustryARC findings, 4-Axis SCARA robot will hold the largest market share during the forecast period. It is expected to generate the revenue of $159.4 and anticipated to grow with a CAGR of 12.6% during the forecast period 2018-2023.

The Europe SCARA robot market report comprises of pricing analysis for different types of axis types. The price of 6- Axis SCARA robot is the highest among all the other axis types. 

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Europe SCARA Robot Market Growth Drivers:

The current SCARA robots are equipped with many wiring systems, by which the installation of the robot has become tough. The use of the advanced technology sensors in SCARA robots has reduced the cost and time of the installation by 35%. The use of the advanced technology in SCARA robots has also observed an increase in the installation of the robots. The increase in the installation of the robot for different applications is expected to drive the market.

Europe SCARA Robot Market Challenges:

The biggest challenge in the SCARA robot market is the increasing adoption of the articulated robots as the substitute for the SCARA robot. These articulated robots is robotic arm that includes rotary joints to carry out precise movements. However, the increasing adoption of the artificial intelligence in SCARA robots is expected to overcome the challenges faced by the SCARA robot.

Europe SCARA Robot Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them to understand the future of the plastics in electric vehicle market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Europe SCARA Robot market, and their specific applications.

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Plastics in Electric Vehicle Market Report: Industry Coverage

Types of SCARA robots: Hardware, Software, Services, Testing, Training, MaintenanceAxis

Types in SCARA robots: 3-Axis SCARA Robot, 4-Axis SCARA Robot, 5-Axis SCARA Robot, 6-Axis SCARA Robot

Applications of SCARA robots: Transportation, Packaging, Assembly, Inspections

End Users of SCARA robots: Electronics, Food and Beverage, Automotive, Pharmaceutical, Rubber and Plastic, Industrial & Manufacturing

The Europe SCARA Robot market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

Europe: The U.K., Germany, Italy, France, Spain, Rest of Europe

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Europe SCARA Robot Market Key Players Perspective:

Fanuc and ABB are analyzed to be the dominant players of the Europe SCARA Robot Market in 2017 with a share of 12.30% and 10.80% respectively. The increasing number of acquisitions and the product launches which are performed by both the prominent players are expected to continue the growth of the companies in Europe region.

Some of the other key players mentioned in this report are Kuka AG (Germany), Kawasaki (Japan), Epson Robots (U.S.), Stäubli (Switzerland), Omron Adept (U.S.), Denso Robotics (Germany), Nachi-Fujikoshi (Japan), Comau (Italy) among others.

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Europe SCARA Robot Market Trends:

The accessibility of the previously performed task by the SCARA robot has become the challenge to the manufacturers. To address the issue the upcoming SCARA robots are manufactured by adopting internet of things (IOT) technology. The use of this technology in SCARA robots will help in analyzing the previously performed tasks and will also help in increasing the productivity and efficiency.

To reduce the efforts of the installation of the SCARA robots manufactures are now adopting the use of the plug and play technology in SCARA robots. The use of this technology will help in easy installation of the robot and also helps in reducing the installation cost.

Many robots manufactures are now focusing on launching the ceiling mounted SCARA robots. With the launch of the new ceiling mounted SCARA robots the small companies are able to afford these robots and are allowing them to make more efficient use of the confined space. These ceiling mounted SCARA robots are expected to create ample opportunities in Europe.

The upcoming SCARA robots are equipped with the augmented reality and voice command system. The implementation of the new voice command system in SCARA robots which acts according to the instructions given by the individual is expected to create ample opportunities in the SCARA robot market.

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Engineering Plastics Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The engineering plastics 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.

Engineering Plastics 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 engineering plastics market size has grown strongly in recent years. It will grow from $103.88 billion in 2023 to $113.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to substitution for traditional materials, electrical and electronics boom, increased focus on sustainability, expansion in construction, medical device growth.

The engineering plastics market size is expected to see strong growth in the next few years. It will grow to $161.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to 3d printing and additive manufacturing, infrastructure modernization, aerospace applications, evolving consumer electronics sector, circular economy initiatives. Major trends in the forecast period include high-performance thermoplastics, miniaturization in electronics, smart and functional materials, customization and tailored solutions, health and safety compliance.

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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 growth in the electronics and electrical industries is expected to propel the growth of the engineering plastics market going forward. The electronics industry produces consumer electronics, electrical equipment, and electrical components for a variety of products. Engineering plastics are used in the manufacturing of various electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards. For instance, according to the Ministry of Electronics and Information Technology, an India-based government agency, the electronics manufacturing industry is expected to grow from USD 75 billion in 2022 to USD 300 billion by 2026. Therefore, the growth in the electronics and electrical industries is driving the demand for the engineering plastics market.

The engineering plastics market covered in this report is segmented –

1) By Type: Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Other Types 2) By Performance Parameter: High Performance, Low Performance 3) By End-Use Industry: Automotive And Transportation, Consumer Appliances, Electrical And Electronics, Industrial And Machinery, Packaging, Other End-Use Industries

Get an inside scoop of the engineering plastics market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7673&type=smp

Regional Insights - Asia-Pacific was the largest region in the engineering plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the engineering plastics market during the forecast period. The regions covered in the engineering plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies - Major companies operating in the engineering plastics market include Covestro AG, DuPont de Nemours Inc., LG Chem Ltd., Evonik Industries AG, Mitsubishi Chemical Engineering Corporation, BASF SE, Celanese Corporation, Solvay S.A., Dow Chemical Company, Saudi Basic Industries Corporation, LANXESS AG, Bayer AG, Asahi Kasei Corporation, DSM Engineering Plastics, Polyplastics Co. Ltd., Teijin Limited, Toray Industries Inc., Arkema S.A., Chi Mei Corporation, Daicel Corporation, Eastman Chemical Company, EMS-Chemie Holding AG, Formosa Plastics Corporation, Huntsman Corporation, INEOS Styrolution Group GmbH, JSR Corporation, KOLON Industries Inc., Kuraray Co. Ltd., Mitsui Chemicals Inc, Nilit Ltd., Radici Group, RTP Company, Sumitomo Chemical Co. Ltd., Techno Polymer Co. Ltd., Tosoh Corporation, Ube Industries Ltd., Victrex plc, Zhejiang NHU Special Materials Co. Ltd.

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

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[communicationblogs]

Automotive Chassis Market — Forecast(2024–2030)

Automotive Chassis Market Overview :

Increased demand for electric vehicles (EVs) in the US automotive industry is partly driven by government incentives and subsidies to promote clean energy adoption. Federal tax credits, state rebates, and other incentives encourage consumers to purchase EVs, reducing the overall cost of ownership and making electric vehicles more appealing in the market. Growing environmental awareness and concerns about climate change prompt consumers to seek alternative transportation solutions with lower carbon footprints. EVs are perceived as environmentally friendly options due to their zero tailpipe emissions, contributing to air quality improvement and reducing greenhouse gas emissions, thus driving demand for electric vehicles in the US automotive industry. Technological advancements in battery technology, such as increased energy density, faster charging capabilities, and declining costs, enhance the performance and viability of electric vehicles. Improvements in battery technology address key concerns regarding range anxiety and charging infrastructure, making EVs more practical and appealing to consumers, thus stimulating demand in the US automotive chassis market.

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COVID-19 / Ukraine Crisis — Impact Analysis:

The COVID-19 epidemic has left a significant impact on the automotive sector. Rising coronavirus incidence throughout the world prompted strict social separation and lockdown standards, causing supply chain disruption and hurting product demand. The COVID-19 problem affected sectors globally, with the global economy suffering the most in 2020 and 2021. The pandemic caused damage on main businesses such as shipping, retail, and e-commerce. The major fall in the transportation industry has hampered the expansion of the worldwide automotive market. The market is gradually recovering by increasing governments investments in electric vehicles.

The Russia-Ukraine war has broader consequences on the global economy, including energy prices, supply chains, and trade flows. These macroeconomic factors have indirectly affected overall demand for automotive chassis. A major conflict causes economic instability, affecting sectors all across the world. Advancements in automotive technology have improved the fuel efficiency and performance of SUVs and crossovers, making them more appealing to consumers concerned about operating costs and environmental impact.\

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Key Takeaways:

Internal Combustion Engine Type is Leading the Market

Internal combustion engine type accounted for the largest share in 2022 and is estimated to reach $25,110 million by 2030. The Internal Combustion Engine segment in the U.S. Automotive Chassis Market is propelled by burning fuel within an engine to generate power. These vehicles can be powered by either diesel or gasoline fuel types. Continued demand for internal combustion engine vehicles in various segments of the automotive market, particularly in light trucks, SUVs, and commercial vehicles.

Passenger Cars Type to Register Highest Growth

Passenger cars segment is analyzed to grow with the highest CAGR 5.6% in the U.S. Automotive Chassis Market during the forecast period 2024–2030. The increasing awareness and emphasis on safety features in passenger cars have become a significant driver for the automotive chassis market as consumers are seeking vehicles equipped with advanced chassis systems that enhance overall safety, including features such as electronic stability control (ESC), anti-lock braking systems (ABS), and advanced driver assistance systems (ADAS).

Growing Demand for Electric Vehicles (EVs) Is Driving the Market Growth.

Increased demand for electric vehicles (EVs) in the US automotive industry is partly driven by government incentives and subsidies to promote clean energy adoption. Federal tax credits, state rebates, and other incentives encourage consumers to purchase EVs, reducing the overall cost of ownership and making electric vehicles more appealing in the market. Growing environmental awareness and concerns about climate change prompt consumers to seek alternative transportation solutions with lower carbon footprints. EVs are perceived as environmentally friendly options due to their zero tailpipe emissions, contributing to air quality improvement and reducing greenhouse gas emissions, thus driving demand for electric vehicles in the US automotive industry.

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High R&D Costs and Technology Adoption as a Major Challenge

The automotive industry faces the challenge of high R&D costs associated with the development of advanced technologies and innovative solutions. Automakers invest significant resources in R&D activities to stay competitive and meet evolving consumer demands, driving up overall production costs and posing financial challenges for industry players. Rapid technological advancements in areas such as electrification, autonomous driving, and connectivity increase the complexity of integrating new technologies into vehicles. Adopting and implementing cutting-edge technologies require substantial investments in research, testing, and validation processes to ensure functionality, reliability, and compliance with safety standards.

Key Market Players:

Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Chassis Market. The top 10 companies in this industry are listed below:

ThyssenKrupp AG

Robert Bosch LLC

Hitachi Astemo Americas, Inc.

Schaeffler Group USA Inc.

HL Mando Corporation

Aisin U.S.A. Mfg., Inc.

Magna International

Continental AG

Nexteer Automotive

NSK Ltd.

[ramkumarss]

Lithium-Ion Battery Market size was valued at USD 42.1 billion in 2022 and is expected to reach a value of USD 50.1 billion by 2029, witness CAGR of 12.1% during the forecast period 2023 to 2029. Due to increasing demand of new markets, which work on electric vehicles and energy storage systems (ESS) for both commercial & residential applications, decreasing cost of lithium-ion batteries, increasing sales of smartphones, tablets/PCs, digital cameras, and power tools and increasing R&D activities for the development of lithium-ion battery market are the major factors that are driving the growth of the global lithium-ion battery market over the forecast timeframe. Request Sample : https://www.precisionbusinessinsights.com/request-sample/?product_id=36105

[tamanna31]

Industry Outlook of Fuel Cell Market 2023 Trends to 2030

Fuel Cell Industry Overview

The global fuel cell market size was estimated at USD 7.35 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2024 to 2030. Increasing demand for unconventional energy sources is one of the key factors driving the growth. Growing private-public partnerships and reduced environmental impact are expected to propel the demand. Governments across the globe are anticipated to supplement the developments by offering support in different forms, including funding R&D activities and funding suitable financing programs. Building a robust regulatory framework is vital as government enterprises need to provide an environment that is favorable for investment.

Gather more insights about the market drivers, restrains and growth of the Fuel Cell Market

Most of the U.S. states, such as California and New York, have set mandates to limit the carbon emissions from commercial and industrial end users in the country. This has resulted in end users opting for clean energy technologies to comply with the mandate and limit their carbon footprint. Bloom Energy, one of the major fuel cell vendors in the U.S., provides its bloom energy servers for power generation application to aid commercial and industrial end users limit their carbon footprint.

For instance, in September 2023, FuelCell Energy, Inc. and Toyota Motor North America announced the completion of Tri-gen system at Toyota's Port of Long Beach operations. Tri-gen is an example of FuelCell Energy's ability to scale hydrogen-powered fuel cell technology. Such innovative ideas is expected to foster the demand of fuel cell market over forecast period.

Fuel cell market is a rapidly growing sector with a wide range of potential opportunities. The technology is constantly improving, with new materials and designs leading to increased efficiency and performance. This is making fuel cells more attractive for a wider range of applications. Transportation sector is one of the largest markets for fuel cells. Fuel cell electric vehicle (FCEVs) offer several advantages over battery-electric vehicles (BEVs), such as longer range and faster refueling times. As the cost of FCEVs comes down and the hydrogen infrastructure grows, the market for fuel cell vehicles is expected to boom. Companies operating in the market continuously launch new products in order to pace up with the growing fuel cell technology. For instance, in January 2024, Nikola Corporation launched 42 and wholesaled 35 Class 8 Nikola hydrogen-powered fuel cell electric vehicles (FCEVs) under HYLA brand for U.S. and Canada customers. The trucks are featured to run with a range of 500 miles with an estimated fueling time as low as 20 minutes.

Browse through Grand View Research's Power Generation & Storage Industry Research Reports.

• The global battery market size was estimated at USD 118.20 billion in 2023 and is projected to grow at a CAGR of 16.1% from 2024 to 2030. The market is experiencing rapid growth, driven primarily by the increasing adoption of electric vehicles (EVs) and the expansion of renewable energy infrastructure.

• The global refrigerant market size was estimated at USD 14.26 billion in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.The industry is experiencing growth due to increased demand from various end-use sectors, particularly the commercial & industrial refrigeration industry.

Fuel Cell Market Segmentation

Grand View Research has segmented the global fuel cell market report based on product, components, fuel, size, application, and end-use, and region:

Fuel Cell Product Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • PEMFC • PAFC • SOFC • MCFC • AFC • Others

Fuel Cell Components Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • Stack • Balance of Plant

Fuel Cell Fuel Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • Hydrogen • Ammonia • Methanol • Ethanol • Hydrocarbon

Fuel Cell Size Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • Small-scale • Large-scale

Fuel Cell Application Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • Stationary • Transportation • Portable

Fuel Cell End-use Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • Residential • Commercial & Industrial • Transportation • Data Centers • Military & Defense • Utilities & Government

Fuel Cell Regional Outlook (Volume, Units; Capacity, MW, Revenue, USD Million, 2018 - 2030) • North America o US o Canada o Mexico • Europe o Germany o France o UK o Italy o Spain • Asia Pacific o China o Japan o South Korea o India o Taiwan o Australia • Central & South America o Brazil o Argentina • Middle East & Africa o Saudi Arabia o UAE o South Africa

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Key Companies profiled:

• Ballard Power Systems • Bloom Energy • Ceres Power Holdings PLC • Doosan Fuel Cell America, Inc. • FuelCell Energy, Inc. • Hydrogenics Corporation • Nedstack Fuel Cell Technology B.V. • Nuvera Fuel Cells LLC • Plug Power, Inc. • SFC Energy AG

Key Fuel Cell Company Insights

• In November 2023, Honda in association with General Motors displayed a prototype of its next-generation hydrogen fuel cell system at European Hydrogen Week in Brussels. The company is planning to expand its portfolio in fuel cell technology. • In December 2023, General Motors and Komatsu announced to develop a hydrogen fuel cell power module for the Japanese construction machinery maker's 930E electric drive mining truck. • In January 2023, Cochin Shipyard Limited initiated research activities for the development of a hydrogen-fueled electric vessel based on low-temperature proton exchange membrane technology. • In January 2023, Advent Technologies collaborated with Alfa laval to explore the application of high-temperature proton exchange membrane fuel cells in marine applications.

[shubhampawrainfinium]

Revving Up Sustainability: Automotive Lithium-ion Batteries Unleashed

According to the report, the global automotive lithium-ion battery market is expected to experience robust growth over the forecast period of 2022-2028, with a projected compound annual growth rate (CAGR) of over 17%. The market, which generated approximately USD 30 billion in revenue in 2022, is anticipated to exceed USD 75 billion by 2028.

What are Automotive Lithium-ion Batteries?

Automotive lithium-ion (Li-ion) batteries are rechargeable batteries used primarily in electric vehicles (EVs) and hybrid electric vehicles (HEVs). These batteries are known for their high energy density, long cycle life, and superior efficiency, making them the preferred energy storage solution in the rapidly growing electric vehicle market.

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Market Drivers and Growth Factors

The automotive lithium-ion battery market is being driven by several key factors:

Rising Demand for Electric Vehicles (EVs): The global push for cleaner transportation has led to increased adoption of electric vehicles. With governments and organizations encouraging the use of EVs to reduce carbon emissions, the demand for automotive lithium-ion batteries is expected to skyrocket. Major automotive manufacturers are investing heavily in EV production, further propelling market growth.

Government Regulations and Incentives: Stringent emission regulations and government subsidies for electric vehicles are fueling the demand for lithium-ion batteries. In many regions, policies promoting the use of sustainable energy and EV adoption are pushing automakers to develop more efficient, long-lasting lithium-ion battery systems.

Technological Advancements: Continuous improvements in battery technology, such as higher energy densities, faster charging times, and longer lifespans, are making lithium-ion batteries more efficient and cost-effective. Additionally, advancements in battery recycling and second-life applications are improving the sustainability of these batteries, contributing to increased adoption.

Declining Battery Costs: The cost of lithium-ion batteries has significantly decreased over the years, making EVs more affordable for consumers. As production scales up and technological improvements are made, further reductions in battery prices are expected, driving even greater market demand.

Regional Analysis

North America: The North American market is driven by increasing investments in electric vehicle production and supportive government initiatives. The U.S. is a key player in the region, with major automakers developing new EV models, contributing to the growth of the automotive lithium-ion battery market.

Europe: Europe is one of the leading regions in EV adoption, with strong governmental support for green energy and stringent emission regulations. Countries like Germany, France, and the UK are at the forefront of the transition to electric vehicles, pushing demand for automotive lithium-ion batteries.

Asia-Pacific: The Asia-Pacific region is expected to dominate the market, led by countries like China, Japan, and South Korea. China, in particular, is the largest producer and consumer of EVs, and the government’s focus on reducing pollution is further boosting demand for lithium-ion batteries. Additionally, key battery manufacturers like CATL and LG Chem are based in this region, driving regional growth.

Latin America and Middle East & Africa: These regions are gradually embracing the shift towards electric vehicles, with increased investments in EV infrastructure and government policies promoting the use of clean energy.

Competitive Landscape

The global automotive lithium-ion battery market is highly competitive, with key players constantly innovating to enhance battery performance and reduce costs. Some of the major companies operating in this market include:

Panasonic Corporation: Panasonic is a key player in the automotive battery market, supplying lithium-ion batteries to Tesla and other EV manufacturers. Their focus on energy-efficient and high-performance batteries drives the market forward.

Contemporary Amperex Technology Co. Limited (CATL): CATL is one of the largest lithium-ion battery manufacturers in the world and supplies batteries to major automotive companies globally, especially in China.

LG Chem: LG Chem produces advanced lithium-ion batteries for EVs and is investing heavily in R&D to develop next-generation batteries with higher energy densities.

Samsung SDI Co., Ltd.: Samsung SDI is a leading supplier of lithium-ion batteries, focusing on enhancing the energy efficiency and sustainability of its battery solutions for the automotive industry.

BYD Company: BYD is a Chinese automaker and battery manufacturer, playing a significant role in the development of EV batteries, especially in the domestic market.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-automotive-lithium-ion-battery-market

Challenges and Opportunities

While the automotive lithium-ion battery market presents significant growth opportunities, it also faces several challenges:

Raw Material Supply and Costs: The availability and cost of raw materials such as lithium, cobalt, and nickel are critical to battery production. Fluctuations in raw material prices and supply chain disruptions could pose challenges to market growth.

Recycling and Environmental Impact: The disposal and recycling of lithium-ion batteries remain a challenge due to environmental concerns. However, advancements in battery recycling technologies offer a significant opportunity for growth, as companies seek to create more sustainable battery life cycles.

Infrastructure Development: The widespread adoption of EVs relies heavily on the development of EV charging infrastructure. Investments in charging stations and battery swapping technology are essential to support the growing market for automotive lithium-ion batteries.

Conclusion

The global automotive lithium-ion battery market is set for significant growth, driven by the rising demand for electric vehicles, supportive government policies, and advancements in battery technology. With a projected market value of over USD 75 billion by 2028 and a CAGR of more than 17%, the automotive lithium-ion battery industry presents vast opportunities for manufacturers, automakers, and investors alike. However, addressing challenges such as raw material supply and recycling will be crucial for ensuring sustainable long-term growth in this market.

[semiconductor-hub]

Semiconductor Timing IC Market Global Opportunity Analysis and Industry Forecast, 2024-2032

Semiconductor timing integrated circuits (ICs) are fundamental components in electronic systems, providing precise timing signals that synchronize operations across various devices. These ICs play a crucial role in applications ranging from telecommunications and computing to automotive and consumer electronics. Timing ICs ensure that digital circuits operate efficiently and reliably, facilitating data transfer, processing, and communication between components.

The demand for high-performance timing ICs is driven by the increasing complexity of electronic systems and the need for enhanced speed and accuracy. As technology advances, semiconductor timing ICs have evolved to offer lower power consumption, smaller form factors, and improved accuracy. These advancements are essential for meeting the growing requirements of modern applications, including 5G communication, Internet of Things (IoT) devices, and high-speed data processing systems.

The Semiconductor Timing IC Market is expanding, driven by the increasing demand for precision timing solutions in a variety of electronic devices. Advancements in timing technology are enabling higher accuracy, lower power consumption, and miniaturization, supporting applications in telecommunications, consumer electronics, and industrial automation.

Future Scope

The future of semiconductor timing ICs is poised for significant growth, propelled by the ongoing expansion of the electronics market. As industries continue to embrace digital transformation, the demand for reliable timing solutions will rise. The increasing adoption of advanced technologies, such as 5G and autonomous systems, will further amplify the need for high-precision timing ICs capable of supporting complex applications.

Moreover, advancements in semiconductor manufacturing processes are expected to yield more efficient and compact timing ICs. As manufacturers optimize production techniques, the cost of these components is likely to decrease, making them more accessible for a broader range of applications. The integration of timing ICs with other semiconductor components, such as microcontrollers and system-on-chips (SoCs), will also contribute to their widespread adoption.

Trends

Key trends shaping the semiconductor timing IC market include the rising demand for low-power solutions and the shift toward miniaturization. As battery-powered devices become more prevalent, manufacturers are focusing on developing timing ICs that consume less power while maintaining performance. Additionally, the trend toward smaller, more integrated components is driving innovation in timing IC design, resulting in more compact solutions that fit seamlessly into various electronic systems.

The growing importance of synchronization in communication networks is another trend influencing the timing IC market. As 5G technology rolls out and the number of connected devices continues to increase, precise timing becomes critical for ensuring reliable data transfer and communication. Timing ICs that support high-frequency operations and low jitter performance are essential for meeting these requirements.

Application

Semiconductor timing ICs find applications across numerous sectors, including telecommunications, computing, automotive, and consumer electronics. In telecommunications, timing ICs are vital for synchronizing signals in communication networks, ensuring reliable data transmission. In computing, they facilitate data processing by providing accurate clock signals to microprocessors and other digital components.

In automotive applications, timing ICs are used in various systems, including advanced driver-assistance systems (ADAS), infotainment units, and engine control units. Their ability to provide precise timing and synchronization enhances the performance and safety of these systems. Furthermore, in consumer electronics, timing ICs are integral to devices like smartphones, tablets, and wearables, where they ensure the proper functioning of features such as displays, audio processing, and connectivity.

As the demand for faster, more efficient, and reliable electronic devices continues to rise, semiconductor timing ICs will play a crucial role in enabling the next generation of technological advancements. Their versatility and essential functionality across various applications make them a foundational component in the modern electronics landscape.

Key Points

Fundamental components providing precise timing signals for synchronization.

Driven by the increasing complexity and performance requirements of electronic systems.

Promising future with growth in digital transformation and advanced technologies.

Trends include low-power solutions and miniaturization of components.

Applied in telecommunications, computing, automotive, and consumer electronics.

Read More Details: https://www.snsinsider.com/reports/semiconductor-timing-ic-market-4545 

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Akash Anand — Head of Business Development & Strategy

Email: info@snsinsider.com

Phone: +1–415–230–0044 (US) | +91–7798602273 (IND) 

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Global Hyundai Mobis Market Assessment and Future Growth Strategies 2024 - 2031

The Hyundai Mobis market has witnessed significant transformations over the past few years, fueled by advancements in automotive technology and shifting consumer preferences. This article delves into the key aspects of the Hyundai Mobis market, including its structure, growth drivers, challenges, and future prospects.

Introduction to Hyundai Mobis

The global Hyundai Mobis market is poised for substantial growth, driven by technological advancements, increasing demand for safety features, and sustainability initiatives. While challenges such as supply chain disruptions

Hyundai Mobis is a leading automotive parts manufacturer and a key player in the global automotive industry. Established in 1977, the company is a subsidiary of the Hyundai Motor Group and specializes in the production of various automotive components, including chassis, infotainment systems, and advanced driver assistance systems (ADAS).

Market Overview

Current Market Size

As of 2023, the global Hyundai Mobis market is estimated to be valued at approximately $X billion, reflecting a steady growth rate of Y% year-on-year. The company's robust supply chain and innovation in automotive technologies have contributed to its significant market share.

Key Regions

The Hyundai Mobis market is distributed across several key regions:

Asia-Pacific: This region accounts for the largest share of the market, driven by the high demand for vehicles in countries like South Korea, China, and Japan.

North America: The North American market is experiencing growth due to increasing vehicle production and technological advancements in automotive safety and convenience.

Europe: The European market is focusing on sustainability and electric vehicles, which presents new opportunities for Hyundai Mobis.

Key Drivers of Growth

Technological Advancements

The automotive industry is rapidly evolving, with technological innovations such as electric vehicles (EVs), autonomous driving, and connected cars. Hyundai Mobis is at the forefront of these developments, investing heavily in research and development to produce cutting-edge components.

Increasing Demand for Safety Features

With growing concerns over road safety, there is an increasing demand for advanced driver assistance systems (ADAS). Hyundai Mobis is expanding its ADAS offerings, which is expected to significantly boost its market presence.

Sustainability Initiatives

The shift towards sustainable transportation is reshaping the automotive landscape. Hyundai Mobis is focusing on eco-friendly technologies, including electric and hybrid vehicle components, aligning with global sustainability goals.

Challenges in the Market

Supply Chain Disruptions

The automotive industry has faced numerous challenges due to supply chain disruptions, especially in the wake of the COVID-19 pandemic. Hyundai Mobis has had to navigate these issues to maintain production levels and meet customer demand.

Competition

The automotive parts market is highly competitive, with numerous players vying for market share. Hyundai Mobis faces competition from both established manufacturers and new entrants specializing in innovative automotive technologies.

Regulatory Compliance

As governments worldwide implement stricter regulations concerning vehicle emissions and safety standards, Hyundai Mobis must ensure its products comply with these regulations, which can increase operational costs.

Future Outlook

Market Trends

Electrification: The shift towards electric vehicles is set to accelerate, with Hyundai Mobis expanding its electric powertrain components and battery systems.

Connected Vehicles: The rise of connected vehicles will drive demand for advanced infotainment systems and telematics solutions.

Smart Manufacturing: Automation and AI will play a crucial role in enhancing production efficiency and reducing costs.

Strategic Initiatives

Hyundai Mobis is likely to focus on strategic partnerships and collaborations to enhance its technology offerings and expand its market reach. Investing in startups specializing in mobility technologies may also provide a competitive edge.

Conclusion

The global Hyundai Mobis market is poised for substantial growth, driven by technological advancements, increasing demand for safety features, and sustainability initiatives. While challenges such as supply chain disruptions and competition exist, the company’s commitment to innovation and strategic planning positions it well for future success. As the automotive industry continues to evolve, Hyundai Mobis is set to play a pivotal role in shaping its future.