#Germany Power-Sports Batteries Market
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The project has really taken off Audi reveal plans to test new F1 engine by end of the year
Audi have provided an update on the busy preparations behind their upcoming Formula 1 entry as part of a presentation at the Auto Shanghai exhibition, with key stakeholders in attendance.
Audi announced at last year’s Belgian Grand Prix that they will join the F1 grid when new engine regulations – featuring increased electrical power and 100% sustainable fuels – are introduced for the 2026 season.
READ MORE: Sauber to become Audi works F1 team from 2026
Shortly afterwards, the German manufacturer set out plans to join forces with Sauber in a move that will see the Swiss operation – currently racing as Alfa Romeo and using Ferrari power units – become their works outfit.
While behind-the-scenes efforts gather pace, Audi headed to China to present the project in the Asian market, taking their launch livery showcar along for the journey and unveiling the motto ‘F1 Power made in Germany’.
In an accompanying press release, Audi confirmed that their first full hybrid drivetrain unit, comprising a combustion engine, electric motor, battery and electronic control unit, is scheduled to run on the test bench before the end of this year – forming the basis for the future vehicle concept.
Audi’s eye-catching launch livery as seen on an F1 showcar
Audi’s eye-catching launch livery as seen on an F1 showcar
There are also plans for the dynamic development simulator at Audi’s Neuburg facility to be brought up to F1 standards and “further advance the development of the Audi power unit”.
Meanwhile, the newly-formed Audi Formula Racing GmbH division now boasts more than 260 specialists, with the core of the development team featuring experienced Audi Sport and Audi employees who hold diverse expertise in electric motorsport.
READ MORE: Sauber declare ‘important milestone’ as Audi acquire minority stake ahead of F1 entry
Existing employees are being joined by F1 specialists who were sourced externally to strengthen the team, with Audi expecting the hiring process to be completed by the end of the year and staff numbers to have reached more than 300.
Alongside this, Audi’s Competence Center Motorsport will be expanded for the F1 project, including the installation of additional test rigs in a new building with a floor area of around 3,000 square metres – a modular design allowing them to be put into operation before the space is fully finished in early 2024.
Audi CEO Markus Duesmann during the Audi press conference at Auto Shanghai 2023
Audi’s F1 launch livery on show during the brand’s press conference at Auto Shanghai 2023
“Motorsport is an integral part of our DNA,” said Markus Duesmann, Chairman of the Board of Management of AUDI AG, at Auto Shanghai.
“We are convinced that our Formula 1 commitment will strengthen Audi’s sporting focus. The racing series is continuously increasing its global reach, especially among young target groups and in our most important sales market: China.”
BARRETTO: How Sauber are preparing for Audi’s arrival – and keeping the pressure on in the midfield battle
Oliver Hoffmann, Member of the Board of Management for Technical Development at AUDI AG, added: “The Audi Formula 1 project has really taken off in recent months. In the ongoing concept phase of the power unit, the foundation of our drivetrain for 2026 is being laid today.
“We attach great importance to detail work, for example on materials or manufacturing technologies, and we also focus on topics such as the energy management of the hybrid drivetrain.
“After all, efficiency is a key success factor for Formula 1 and the mobility of the future, [and] these approaches will advance both worlds.”
via Formula 1 News https://www.formula1.com
#F1#‘The project has really taken off’ – Audi reveal plans to test new F1 engine by end of the year#Formula 1
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Electric Vehicle Battery Market to Reach USD 21,258.4M, Supported by 8.5% CAGR by 2033
The Electric Vehicle Battery Market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of USD 9,402.3 million in 2023.
The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and Europe. Battery and automotive manufacturers are facing challenges owing to uncertainty related to the battery supply chain. Several players are considering constructing gigafactory or joining joint ventures to combat shrunken supply.
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The shift toward EVs can be attributed to adverse climactic change and increasing carbon emissions, especially in urban cities. The EV30-30 Scenario targets a surging value share of EVs to 30% by 2030 (excluding two/three-wheelers).
Favorable government policies to encourage EV sales are predicted to offer opportunities for battery makers of EVs. Additionally, technological advancements have spiked the energy density of lithium-ion batteries while reducing the overall price of lithium-ion batteries. As a result, propelling its uptake in li-ion powered EVs.
Surging investments for the upgradation of public charging infrastructure in conjunction with the rising efficiency of EVs are expected to create lucrative opportunities for manufacturers.
The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.
Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market:
The United States electric vehicle battery industry is expected to attain a 28.7% market share in 2023. The dominant share of the country reflects the high establishment of the market and great prospects for future growth.
Germany is expected to hold a 15.1% market share in 2023. The country is expected to attract key players from across the globe to expand its sales and drive product innovation.
Japan contributes 5.3% to the global market. The regional market offers excellent potential for key participants’ growth.
Australia's share in the market is as low as 1.4%. However, the country is expected to offer growth prospects to businesses that venture out.
China is expected to expand robustly over the forecast period at a 9.6% CAGR.
The Indian market is anticipated to expand at a CAGR of 9% in the forecast period.
Under the battery type category, lead acid is expected to record a market share of 45.7% in 2023.
Passenger cars are expected to hold a 22.2% market share in 2023.
Key Developments in the Market
CATL collaborated with Ford in February 2023 to develop a battery plant for EVs in the United States Michigan city. As a part of the agreement, Ford is expected to own the new unit of CATL. CATL is also predicted to assist Ford in accelerating the development of batteries.
Clarios’ Optima introduced an all-new lithium-power sport battery line in November 2022. The line focuses on enhancing batteries for personal watercraft, motorcycles, utility task vehicles (UTV), snowmobiles, and all-terrain vehicles (ATVs).
Honda Motor Company declared the development of a lithium-ion battery plant for EVs in the United States with the LG Energy Solution Ltd. in August 2022. The total investment in the project has been USD 4.4 billion. The companies aim to develop about 40 GWh of batteries yearly to be exclusively used in North America’s Honda and Acura electric vehicles.
Key Segments
By Battery Capacity:
Less than 20 kWh
21 to 40 kWh
More than 41 kWh
By Vehicle Technology:
HEV
PHEV
BEV
By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
By Battery Type:
Lithium Ion
Lead Acid
Nickel Hydride
Others
By Region:
North America
Latin America
Asia Pacific
The Middle East and Africa
Europe
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Electric Ice Auger Market Size: Analysis Report | 2024 to 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Electric Ice Auger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Electric Ice Auger Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Electric Ice Auger Market?
The global electric ice auger market was US$ 52.8 Billion in 2022. Furthermore, the electric ice auger market to register a CAGR of 3.7% which is expected to result in a market forecast value for 2031 of US$ 89.7 Bn.
What are Electric Ice Auger?
An electric ice auger is a powered device designed for drilling holes in ice, commonly used for activities like ice fishing on frozen bodies of water. Unlike traditional hand-cranked augers, electric models operate using rechargeable batteries or electric motors, offering enhanced convenience and user-friendliness. Typically featuring a rotating shaft with a drill bit, these augers efficiently penetrate the ice, enabling users to create holes of varying sizes quickly and easily. Renowned for their portability, speed, and reliability, electric ice augers are favored by ice anglers and outdoor enthusiasts seeking efficient and effortless ice drilling solutions.
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What are the growth prospects and trends in the Electric Ice Auger industry?
The electric ice auger market growth is driven by various factor. The Electric Ice Auger Market encompasses a selection of motorized tools tailored for drilling holes in ice, primarily serving ice anglers and outdoor enthusiasts. Witnessing significant growth fueled by the increasing popularity of ice fishing and the demand for convenient ice drilling solutions, this market offers a diverse array of electric augers powered by rechargeable batteries or electric motors. Key players in this market provide innovative products boasting improved performance, durability, and user-friendliness, catering to a wide range of preferences and needs. With an emphasis on portability, speed, and reliability, electric ice augers are increasingly preferred by users seeking efficient and effortless ice drilling experiences, thus propelling market expansion. Hence, all these factors contribute to electric ice auger market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Handheld Electric Ice Augers
Powerhead Electric Ice Augers
By Ice Fishing Application:
Recreational Ice Fishing
Commercial Ice Fishing
By Distribution Channel:
Online Retailers
Specialty Stores
Sports and Outdoor Retailers
Others
Market Segmentation By Region:
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
StrikeMaster Ice Augers
Jiffy Ice Drills
Eskimo Ice Augers
Ion Electric Ice Augers
Clam Outdoors Ice Augers
Rapala Electric Ice Drills
Trophy Strike Ice Augers
K-Drill Ice Augers
HT Enterprises Ice Augers
Milwaukee Tool Ice Augers
Nitro Electric Ice Augers
Nils Master Ice Augers
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Electric Utility Terrain Vehicle Market: Global Analysis, Opportunities And Forecast To 2032
Electric Utility Terrain Vehicle Market is projected to cross USD 190 Mn by 2032. The Minister of Economy, United Arab Emirates recently released the National Tourism Strategy that plans to invest USD 27.24 billion in the tourism sector to introduce 40 million hotel guests to the region. The expansion of the sector can be backed by the rising demand for off-road recreational activities, favorable government initiatives for sustainability, and promotion of eco-friendly transportation options.
Pivotal factors such as growing awareness toward GHG emission reduction across the automotive industry would offer lucrative growth opportunities for electric UTV market players in the forthcoming years. For instance, Polaris Inc., in 2021, introduced the Polaris Ranger XP Kinetic, in partnership with Zero Motorcycles. As per reports, the new vehicle is equipped with a 29.8 kWh battery and offers a range of 80 miles.
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Considering the price, the USD 20,000 to USD 30,000 segment is slated to draw significant gains through 2032, given the fact that UTVs in this price range offer more features including brilliant suspension, advanced safety features, and better horsepower engines. These attributes potentially make the automobiles more versatile and effective while boasting the ability to handle a wide range of terrains and tasks.
Increased vehicle pricing comes from the producers' rising use of superior quality materials and construction methods to ensure improved reliability and durability. Usage of these materials could eventually lead to longer lifespan for the vehicle and lower maintenance costs over the ensuing years.
Based on application, electric UTVs are largely used in sports activities. UTVs are being extensively adopted by sports enthusiasts to demonstrate skills and showcase vehicles in challenging environments in different sports championships. These automobiles are highly maneuverable, enabling drivers to move effortlessly around any obstacle, adding to their appeal. Additionally, electric utility terrain vehicles have become more comfortable, with several models featuring electric power steering and air conditioning.
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From the regional viewpoint, the Europe electric UTV market would accrue lucrative gains over the next ten years, with the United Kingdom, France, and Germany likely to emerge as the market hotspots. Expanding millennial population across these countries and mounting consumer spending on outdoor recreational activities in the region would stimulate the market dynamics by 2032 end.
Furthermore, the development of charging infrastructure would as well contribute to the regional market outlook. As per the Transport and Environment report, Europe is predicted to invest approximately USD 1.9 billion by 2030 end to deploy another 2.7 million public charging points in the continent.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Electric utility terrain vehicle (UTV) industry 3600 synopsis, 2018 – 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Price trends
2.5 Application trends
Chapter 3 Electric UTV Industry Insights
3.1 COVID-19 impact
3.1.1.1 North America
3.1.1.2 Europe
3.1.1.3 Asia Pacific
3.1.1.4 Latin America
3.1.1.5 Middle East & Africa
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Technology providers
3.3.3 Manufacturers
3.3.4 End-users
3.3.5 Profit margin analysis
3.3.6 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 4wd
3.4.2 Independent suspension
3.4.3 Autonomous electric UTVs
3.4.4 Battery swapping system
3.5 Patent analysis
3.6 Key initiatives & news
3.7 Regulatory landscape
3.8 Industry Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing participation and spending on off-road recreational activities
3.8.1.2 Positive outlook of the tourism industry in Latin America and MEA
3.8.1.3 Growing inclination towards recreational activities in Asia Pacific
3.8.1.4 High R&D investments and product innovation
3.8.1.5 Introduction of electric UTV in European countries
3.8.2 Industry pitfalls & challenges
3.8.2.1 Safety concerns related to off-road vehicles
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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The new MINI Cooper SE in JCW Trim: How to make an electric hatchback look sporty
The MINI Cooper SE is the first all-electric model from the British brand, combining urban driving fun with zero emissions. But if you want to add some spice to your electric MINI, you might be interested in the new JCW Trim option, which gives the car a more aggressive and stylish appearance, inspired by the high-performance John Cooper Works models.
What is the JCW Trim?
JCW stands for John Cooper Works, the name of the performance division of MINI that produces the most powerful and exclusive versions of the regular models. The JCW Trim is an optional package that adds some visual and aerodynamic enhancements to the MINI Cooper SE, making it look more like the JCW GP, the ultimate MINI that can reach 265 km/h.
The JCW Trim features a distinctive front grille frame and logo in high-gloss black, a Chili Red roof, and JCW bonnet stripes in either Chili Red or black. It also comes with 18-inch John Cooper Works Lap Spoke 2-tone wheels, a sporty spoiler, a large diffuser insert, and redesigned Union Jack taillights.
The interior of the JCW Trim is also upgraded with multi-colored knitted textile and black synthetic leather seats with red stitching, a JCW steering wheel, and a JCW door sill finisher.
How does it perform?
The JCW Trim does not affect the performance of the MINI Cooper SE, which remains unchanged from the standard model. The electric motor on the front axle delivers 218 hp (160 kW) and 330 Nm of torque, allowing the car to sprint from 0 to 100 km/h in 6.7 seconds and reach a top speed of 170 km/h.
The lithium-ion battery has a net capacity of 49.2 kWh, which provides a range of 385 to 402 km according to the WLTP cycle. The battery is placed in the floor of the car, lowering the center of gravity and improving the handling and agility of the MINI Cooper SE.
The car supports fast charging up to 95 kW, which can replenish 80% of the battery in 35 minutes. It also has four driving modes (Sport, Mid, Green, and Green+) and two levels of regenerative braking (high and low) to optimize the driving experience and efficiency.
How much does it cost?
The JCW Trim is available as an option for the MINI Cooper SE across all markets, except for the US, where it is not offered yet. The price of the JCW Trim varies depending on the country, but it is generally around $2,000 more than the base price of the MINI Cooper SE, which starts at $29,900 in the US, $39,990 in Canada, $59,900 in Australia, and €32,500 in Germany.
The JCW Trim is a great way to add some personality and sportiness to your electric MINI without compromising on the emission-free mobility and urban driving pleasure that the MINI Cooper SE offers. If you are looking for an electric hot hatch with style, the MINI Cooper SE in JCW Trim might be the perfect choice.
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Inverter Generators Market Report Includes Dynamics, Products, and Application 2017 – 2032
Market Overview:
Inverter generators are a type of portable power generator that produce clean and stable electricity, making them suitable for sensitive electronic devices. They use advanced technology to convert AC power into DC power and then invert it back into stable AC power. This process results in a consistent flow of electricity that is safe for powering delicate equipment such as laptops, smartphones, and other electronics.
Inverter Generators Market value is expected to reach USD 3.5 billion by 2033, growing at a CAGR of 6.3% during the forecast period 2023 to 2033
The key factors driving the growth of the inverter generators market include:
Increasing demand for portable power: Inverter generators are popular among outdoor enthusiasts, campers, and RV owners who require a reliable and portable power source. Additionally, they are also used in emergency situations and in areas with unreliable power infrastructure.
Growing awareness of clean energy: Inverter generators are known for their fuel efficiency and reduced emissions compared to traditional generators. With the increasing focus on environmental sustainability, consumers are opting for more eco-friendly power solutions, driving the demand for inverter generators.
Technological advancements: Inverter generators have witnessed advancements in terms of efficiency, noise reduction, and additional features such as remote monitoring and parallel connectivity. These technological improvements have made them more appealing to consumers and expanded their applications.
Rapid expansion of the camping and outdoor recreation industry: The popularity of camping, outdoor events, and recreational activities has been on the rise. Inverter generators provide a convenient power source for these activities, driving the demand for these products.
Government regulations and incentives: Some governments have implemented regulations and incentives to encourage the use of cleaner energy sources. These policies can positively impact the adoption of inverter generators, especially in regions with stringent emission standards.
We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.
By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.
“Remember to look for recent reports to ensure you have the most current and relevant information.”
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Market Segmentations:
Global Inverter Generators Market: By Company
• Honda
• Yamaha
• Generac
• Hyundai
• Powermate
• Westinghouse
• Kipor
• Lifan
• A-iPower
• Briggs & Stratton
• POTEK
• Generac
• Champion Power Equipment
Global Inverter Generators Market: By Type
• Gasoline
• Battery
Global Inverter Generators Market: By Application
• Outdoor Sports
• Home Use
• Construction
• Others
Global Inverter Generators 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 Inverter Generators 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.
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• To obtain insights into industry trends and dynamics, including market size, growth rates, and important factors and difficulties. This study offers insightful information on these topics.
• To identify important participants and rivals: This research studies can assist companies in identifying key participants and rivals in their sector, along with their market share, business plans, and strengths and weaknesses.
• To comprehend consumer behaviour: these research studies can offer insightful information about customer behaviour, including preferences, spending patterns, and demographics.
• To assess market opportunities: These research studies can aid companies in assessing market chances, such as prospective new goods or services, fresh markets, and new trends.
• To make well-informed business decisions: These research reports give companies data-driven insights that they may use to plan their strategy, develop new products, and devise marketing and advertising plans.
In general, market research studies offer companies and organisations useful data that can aid in making decisions and maintaining competitiveness in their industry. They can offer a strong basis for decision-making, strategy formulation, and company planning.
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Solar Motorcycle Market Unidentified Segments – The Biggest Opportunity Of 2023
Advance Market Analytics released a new market study on Global Solar Motorcycle Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Solar Motorcycle Forecast till 2027*.
A solar vehicle is one of the world's most environmentally friendly innovations. Provided that fossil fuels and oil are considered non-renewable resources, sourcing energy from a non-depleting source can help to drive sustainability. A solar car, or a motorcycle of this type, uses both electric and solar energy to power the vehicle. As a result, the most likely solar motorcycles will also be electric. The way solar vehicles work is that they have a built-in solar array with photovoltaic cells. These cells convert sunlight into the energy required to charge the vehicle's battery. When photons strike photovoltaic cells, users excite the electrons, allowing them to flow through and produce an electric current.
Key Players included in the Research Coverage of Solar Motorcycle Market are:
SMA Solar Technology AG (Germany)
SolarTaxi (Ghana)
CAKE (Sweden)
TVS (India)
Zembo (France)
Atum Electric (United States)
What's Trending in Market: The Launch Of Solar Motorcycle With Advanced Designs And Features By The Manufacturers
Challenges: Less Speed Range As Compared With Fuel Based Motorcycle
High Cost Associated With Solar Motorcycle
Opportunities: Utilization Of Solar Power
Advancements In The Automotive Sector
Market Growth Drivers: Heavy Investments From Automakers In Solar Motorcycle
Growing Concern About Environmental Pollution Fuels The Growth Solar Motorcycle
The Global Solar Motorcycle Market segments and Market Data Break Down by Type (Standard Motorcycle, Sport Motorcycle), Application (Commercial Vehicles, Passenger Vehicles), Sales Channel (OEM, After Market), By Solar Panel (Monocrystalline, Polycrystalline)
To comprehend Global Solar Motorcycle market dynamics in the world mainly, the worldwide Solar Motorcycle market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
Presented By
AMA Research & Media LLP
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Carbon emissions from global SUV fleet outweighs that of most countries
Popularity of sport utility vehicles driving higher oil demand and climate crisis, say experts
The continued global rise in sales of SUVs pushed their climate-heating emissions to almost 1bn tonnes of carbon dioxide in 2022, according to the International Energy Agency.
The 330m sport utility vehicles on the roads produced emissions equivalent to the combined national emissions of the UK and Germany last year. If SUVs were a country, they would rank as the sixth most polluting in the world.
Climate campaigners are increasingly concerned about the impact of SUVs. The activist group Tyre Extinguishers said it had deflated the tyres of hundreds of SUVs in Europe on Monday nightin the run-up to the first anniversary of its campaign.
The vehicles are larger and heavier than regular cars and use on average 20% more fuel. The increased number of SUVs in 2022 were responsible for a third of the increase in global oil demand.
Purchases of SUVs have soared in recent years, rising from 20% of new cars in 2012 to 46% of all cars last year, the IEA reports. The rise continued in 2022, includes significant growth in the US, India and Europe, despite the overall number of cars sold falling slightly.
About one in six SUVs sold in 2022 were electric. But the IEA experts said: “Electric SUVs are growing in popularity, but not quickly enough to offset the increasing oil consumption and emissions of the wider fleet.
“Electric SUVs also require larger batteries to power them, so a growing electric SUV market would impose additional pressure on battery supply chains and further increase demand for the critical minerals needed to make the batteries.”
Cities targeted by Tyre Extinguisher groups on Monday included London, Paris, Berlin and Milan. The activists claim to have deflated more than 10,000 tyres in the past year in 17 countries, including the US and New Zealand, using lentils to jam open air valves.
A spokesperson said: “Things were quiet over the winter but we are now emerging ready for another year of lentil-based action. We act because politicians will not take even baby steps to make our streets and climate safe. We won’t stop until these polluting vehicles are history.”
SUVs are starting to dominate the market as sales of conventional cars decline
Million vehicles sold a year
The Tyre Extinguishers said they wanted “bans on SUVs in urban areas, pollution levies to tax SUVs out of existence, and massive investment in free, comprehensive public transport”.
Electric car sales soared in 2022, the IEA said, rising by 60% from 2021 to more than 10m vehicles. However, 29m non-electric SUVs were sold.
Julia Poliscanova, senior director for vehicles and emobility at European campaign group Transport & Environment, said: “Carmakers are culling small cars in pursuit of profit. VW, Stellantis and BMW have all said they are moving towards selling fewer cars and focusing on more premium SUV models. But larger cars put more pressure on the planet.”
“For drivers, this means more expensive models and higher running costs, especially at a time of high energy prices,” she said. “Given the stakes, regulators should ensure European small cars don’t disappear. The best way is to tax big cars. Subsidies for electric cars should support entry-level EVs that are made in Europe.”
In 2021, the UK’s National Audit Office reported that rising sales of SUVs and an increase in road traffic had cancelled out reductions in CO2 emissions from electric car sales.
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Electric Wheelchair Market Analysis, Size, Growth, Competitive Strategies, and Worldwide Demand
Latest study released by AMA Research on Global Electric Wheelchair Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Electric Wheelchair Market predicted until 2027*.
Electric Wheelchairs are also known as power chair or electric power wheel chairs, is type of wheel mobility device that support seating for a person with difficulty in walking or moving around. This does not require any human assistance for mobility as they are powered by battery. These wheelchairs are user-friendly and convenient. By product the electric wheelchair market can be segmented as Centre Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair and Back Wheel.
Some of Key Players included in Electric Wheelchair Market are Golden Technologies (United States),Medical Depot, Inc. (United States),Ottobock (Germany),Invacare Corporation (United States),Hoveround Corporation (United States),Heartway Medical Products Co., Ltd. (Taiwan),21st Century Scientific, Inc. (United States),Pride Mobility Products Corp. (United States),EZ Lite Cruiser (United States),MERITS CO. LTD. (Taiwan),Karman Healthcare, Inc. (United States)
Market Trends: Development of Technologically Advanced Products
Upsurge in the Cases of Cardiovascular Diseases
Drivers: Rising Demand for an Advanced Wheelchair from the Sports Industry
Growing Need for Powerful Portability Arrangements in Different Indoor and Open-Air Applications
Challenges: Lack of Pavements and the Climate and Physical Terrain
Access to Rehabilitation Service
Opportunities: Development of Medical Facilities
The titled segments and Market Data are Break Down by Type (Centre Wheel Drive, Front Wheel Drive, Standing Electric Wheelchair, Rear Wheel Drive), Application (Hospital, Home), Distribution Channel (Online, Offline)
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Global Electric Wheelchair Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2022
Advance Market Analytics released a new market study on Global Electric Wheelchair Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Electric Wheelchair Forecast till 2027*.
Electric Wheelchairs are also known as power chair or electric power wheel chairs, is type of wheel mobility device that support seating for a person with difficulty in walking or moving around. This does not require any human assistance for mobility as they are powered by battery. These wheelchairs are user-friendly and convenient. By product the electric wheelchair market can be segmented as Centre Wheel Drive Electric Wheelchair, Front Wheel Drive Electric Wheelchair, Standing Electric Wheelchair and Back Wheel.
Key Players included in the Research Coverage of Electric Wheelchair Market are Golden Technologies (United States)
Medical Depot, Inc. (United States)
Ottobock (Germany)
Invacare Corporation (United States)
Hoveround Corporation (United States)
Heartway Medical Products Co., Ltd. (Taiwan)
21st Century Scientific, Inc. (United States)
Pride Mobility Products Corp. (United States)
EZ Lite Cruiser (United States)
MERITS CO. LTD. (Taiwan)
Karman Healthcare, Inc. (United States)
What's Trending in Market: Development of Technologically Advanced Products
Upsurge in the Cases of Cardiovascular Diseases
Challenges: Lack of Pavements and the Climate and Physical Terrain
Access to Rehabilitation Service
Opportunities: Development of Medical Facilities
Market Growth Drivers: Rising Demand for an Advanced Wheelchair from the Sports Industry
Growing Need for Powerful Portability Arrangements in Different Indoor and Open-Air Applications
The Global Electric Wheelchair Market segments and Market Data Break Down by Type (Centre Wheel Drive, Front Wheel Drive, Standing Electric Wheelchair, Rear Wheel Drive), Application (Hospital, Home), Distribution Channel (Online, Offline)
To comprehend Global Electric Wheelchair market dynamics in the world mainly, the worldwide Electric Wheelchair market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
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AMA Research & Media LLP
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First Look: The Lotus Eletre
The all-electric Lotus Eletre is a striking and progressive Hyper-SUV – the first of a new breed of pure electric SUVs. It takes the core principles and Lotus DNA from more than 70 years of sports car design and engineering, evolving them into a desirable all-new lifestyle car for the next generation of Lotus customers.
The company’s famed expertise in the fields of ride and handling, steering and optimized aerodynamics have been carefully and respectfully evolved. The Eletre takes the heart and soul of the latest Lotus sports car – the Emira – and the revolutionary aero performance of the all-electric Evija hypercar, and reinterprets them as a Hyper-SUV.
Known until two days ago only by its Lotus codename, Type 132, the Eletre is a globally relevant product, a shining halo of sustainable mobility for a worldwide audience. Embodying emotion, intelligence and prestige, it extends the reach of the Lotus name, badge and renowned driver engagement to a new audience.
A bold new dimension to the Lotus performance car portfolio, the Eletre delivers a significant number of firsts for Lotus – the first five-door production car, the first model outside sports car segments, the first lifestyle EV, the most ‘connected’ Lotus ever. And yet it remains a true Lotus, a beautiful car ‘carved by air’, packed with pioneering technology, genuine sporting performance and simplicity of purpose, designed and developed by a passionate and global team. The Lotus Eletre is alive with character and personality.
The Eletre is 4WD, has a battery capacity that’s over 100kWh and with power from 600hp. A 350kW charger will deliver a 400km (248 miles) range in just 20 minutes. The car’s target maximum WLTP driving range is c.600km (c.373 miles). It also comes with the ability as standard to accept 22kW AC charging which, where available, reduces the time plugged in.
Technology includes the most advanced active aerodynamics package on any production SUV, and intelligent driving technologies such as the world’s first deployable Light Detection and Ranging (LIDAR) system in a production car. Add in a dynamic walk-up sequence that delivers a moment of theatre every time the driver approaches the car, and it’s clear the Eletre is making a simple statement – this is Lotus reinvented, the birth of a new icon into the Lotus stable.
The Eletre is the first in a new range of premium lifestyle performance electric vehicles to be built at an all-new state-of-the-art production facility in Wuhan, China. The car has been ‘Born British, Raised Globally’, with design led by the UK, supported by collaborative work with teams in China, Sweden and Germany. The overall exterior and interior design has been led by an international team based at the Lotus Tech Creative Centre (LTCC) in Warwickshire, UK.
The Eletre is built on Lotus’ all-new and highly versatile Electric Premium Architecture (EPA). The low-to-the-ground design means outstanding handling, and the EPA can easily adapt to accommodate C+ to E+ vehicle class battery sizes, motors, component layouts and intelligent driving technologies.
The platform will be the basis for an all-new range of premium lifestyle performance electric vehicles from Lotus. Led by the Eletre, these cars will catapult Lotus into a new era of higher retail volumes and significant revenues.
The Lotus Eletre is on sale now across global markets, with first customer deliveries in 2023 starting in China, the UK and Europe.
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Power Sports Market Share, Trend & Growth Forecast to 2032
Power Sports Market is projected to cross USD 37 Bn by 2032. Power Sports Market is expected to grow considerably through 2032 owing to the constantly upward-moving trend of electric power sports vehicles, especially in European countries such as the UK, Germany, and France. The demand for electric power sports vehicles is being largely driven by its superior characteristics including no emissions. Additionally, the mounting adoption of electric power sports vehicles from the millennial population is further expected to accelerate the market expansion in the coming years.
Factors such violation of rules and regulations and an upsurge in accidents and fatalities may hamper the market expansion in the near future. However, the constant upgradations in advanced battery technologies will improve the performance and range of electric power sports.
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Considering the vehicle, the all-terrain vehicle segment held over 8.5% market share in 2022 and is expected to register notable gains through 2032. These vehicles help improve productivity by covering large distances much quicker than tractors while offering ample comfort to the operator, further paving the way for segmental expansion. Besides, a prolific rise in ATV clubs aligned with the development of outdoor clubs would provide substantial push to the product demand.
Based on propulsion, the diesel segment is expected to exhibit over 5% CAGR during 2023-2032, owing to several advantages offered by diesel fueled power sports vehicles, such as high torque and power. The diesel engine is much more efficient and preferable as compared to gasoline engines, which is anticipated to spur its adoption in the future. Besides, these vehicles are equipped with long-lasting and high-performance engines that can deliver improved power.
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Regionally, the Asia Pacific power sports market accounted for approximately 19% market share in 2022 and is slated to grow exponentially through 2032, as rising disposable income in the region will spearhead the consumption growth. In addition, power sports trails and recreational parks are becoming more prominent, while well-established companies such as Suzuki, Yamaha, and Honda are becoming more prevalent. These factors are fostering the regional market expansion.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Power sports industry 3600 synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Vehicle trends
2.4 Propulsion type trends
2.5 Regional trends
Chapter 3 Power Sports Industry Insights
3.1 Introduction
3.2 Impact of COVID-19
3.2.1 North America
3.2.2 Europe
3.2.3 Asia Pacific
3.2.4 Latin America
3.2.5 MEA
3.3 Russia- Ukraine war impact
3.4 Industry ecosystem analysis
3.4.1 Component suppliers
3.4.2 Manufacturers
3.4.3 Profit margin analysis
3.4.4 End-users
3.4.5 Distribution channel analysis
3.4.6 Vendor matrix
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key initiative and news
3.8 Regulatory landscape
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 MEA
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing focus on R&D investments and product innovation
3.9.1.2 Introduction of electric power sport vehicles in Europe
3.9.1.3 Growing inclination towards recreational activities in Asia Pacific
3.9.1.4 Rising number of off-roading events in North America
3.9.1.5 Positive outlook of tourism industry in Latin America and MEA
3.9.2 Industry pitfalls & challenges
3.9.2.1 High initial cost of power sports vehicles
3.9.2.2 Increasing safety and environmental impact concerns
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Prince Carl Philip of Sweden visits Volkswagen
02.04.2019
: HRH Carl Philip, Prince of Sweden, is signing the Volkswagen guest book. From left: HRH Carl Philip, Prince of Sweden next to Andreas Renschler, CEO of TRATON SE and a Member of t
HRH Carl Philip, Prince of Sweden, is signing the Volkswagen guest book. From left: HRH Carl Philip, Prince of Sweden next to Andreas Renschler, CEO of TRATON SE and a Member of the Volkswagen Aktiengesellschaft Board of Management
Visit centered on Volkswagen’s e-mobility strategy and test drives in the Volkswagen Group’s latest-generation electric vehicles
Sweden is one of Europe’s largest markets for electric vehicles – Passat GTE1 is the best-selling electric car in Sweden
With Scania, the Volkswagen Group is one of the largest industrial investors in Sweden – €2.4 billion invested in the country in the last ten years
Prince Carl Philip met with Swedish startup entrepreneurs at a Volkswagen event on innovative manufacturing technologies and Industry 4.0
Sweden is the Partner Country of Hannover Messe 2019. During his official visit to Germany, Prince Carl Philip was welcomed by Volkswagen Group representatives in Wolfsburg and found out more about the company’s e-mobility strategy. The Swedish Prince was one of the first to test the Group’s new generation of electric cars, including models from the Volkswagen ID. family. Sweden is one of Europe’s largest markets for electric vehicles.
Andreas Renschler, CEO of TRATON SE and a Member of the Volkswagen Aktiengesellschaft Board of Management, said: “Sweden is a role model in the area of climate protection. Today, more than half of the electricity generated already comes from renewable sources. That is an essential prerequisite for making e-mobility sustainable for passenger cars as well as trucks and buses.” He went on to say: “We have several innovative e-mobility projects in Sweden, for example, Scania will soon begin testing self-driving electric buses for Stockholm’s public transport system.” Sweden is one of Europe’s largest markets for electric vehicles and therefore an important sales market for the Group’s electric models.
With reference to Prince Carl Philip’s test drives, the Volkswagen Brand Board Member for Technical Development, Dr. Frank Welsch, commented: “Prince Carl Philip of Sweden is a talented racing driver and an expert on cars. He was a successful participant in the Porsche Carrera Cup Scandinavia from 2008 to 2011. And he visited the Rally Sweden and the Volkswagen Motorsport team. I am delighted that an acknowledged specialist is one of the first to test our new generation of electric vehicles that will hit the market from 2020. Sweden will be one of the major sales markets for our ID.”
His Royal Highness Prince Carl Philip met with 34 Swedish startup entrepreneurs in Germany for Hannover Messe 2019 on his visit to the Volkswagen Smart.Production:Lab in the IT:City, Wolfsburg. These selected startups participated in an Innovation Day at Volkswagen where concepts and innovations such as electrically-powered automated transport concepts and virtual reality solutions as well as machine learning and artificial intelligence software tools were presented. The event was designed to intensify Swedish-German cooperation in the field of innovative manufacturing technologies and Industry 4.0.
The Volkswagen Group is one of the largest industrial investors in Sweden. Scania invested €2.4 billion in Sweden in the last ten years. Scania produces trucks and buses in Europe, South America and Asia and is one of the world’s leading manufacturers of sustainable transport solutions. 96,500 trucks and buses were delivered to customers in 2018 – 19,000 of which were built at the Swedish plant in Södertälje. 20,700 of Scania’s total workforce of 52,100 are employed in Sweden.
In early 2018, Scania invested €10 million in the battery manufacturing company Northvolt. The collaboration concerns the industrial scale production of battery cells. A joint research consortium called European Battery Union led by Volkswagen and Northvolt was announced recently. The consortium is applying for funding from the German Federal Ministry for Economic Affairs and Energy to finance the research, development and industrial scale production of battery technology.
Furthermore, the Volkswagen Group is one of the largest car manufacturers in Sweden. 103,000 passenger cars and 16,700 trucks from the Group were registered in Sweden in 2018, accounting for a 27.4 percent share of the passenger car market and a 30 percent share of the truck market. The Volkswagen Golf, Passat and Tiguan are among the top ten passenger car models in Sweden’s registration statistics, putting Volkswagen in second place behind Volvo. Electric vehicles accounted for a market share of eight percent in Sweden in 2018. The Volkswagen Passat GTE
Leslie Bothge- photos Volkswagen
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6 Key Factors Behind Tesla’s Success
New nugget in the world of the Automobile, Tesla Motors is also respected in the Digital sector. A company that fascinates and inspires today in all sectors, startups and multinationals. To understand the reasons for its success, we meet with Charles Delaville, Tesla Motors’ spokesperson in France.
If there is a sector in which it seemed complicated and daring to start up, it is the automotive industry. Some fifteen giants have been sharing the production of tens of millions of vehicles for decades, leaving little room for an adventurous entrepreneur.
Yet just 12 years ago, Tesla Motors was born, in total anonymity. This manufacturer is not located on the American East Coast, in the heart of Japan and even less in Germany, but in Palo Alto, in the heart of Silicon Valley, the cradle of technological entrepreneurship.
As early as 2006, CEO Elon Musk outlined Tesla’s plan to enter the electric vehicle market from the top by offering a high-performance sports car (the Roadster), then move downmarket with the Model S and Model X and finally offer a more affordable vehicle by 2017 (Model 3).
A crazy gamble, which is already proving to be a success. The first quarter of 2015 attests to this with more than 10,000 Model S delivered and a target of 55,000 deliveries in 2015 (Model S and Model X). This figure may seem paltry compared to the 3 million Peugeot cars sold in 2014. Yet the company led by Elon Musk now has a market capitalization 2.5 times that of Peugeot.
Digital and Electric at the Heart of Tesla Motors Vehicles
Major groups, whether from the automotive sector or not, often take Tesla Motors as a model for the new era we are living in. Is it its approach to electric cars? Certainly, since at the end of last year, the company began construction of its Gigafactory, from which all its batteries will come. Is it its approach to technology? Of course, because the Model S was designed like a smartphone, with a hardware part and a software part.
Tesla Motors is taking advantage of this 3G connection to offer other services to its customers, such as an Android and iOS application that allows them to pre-heat or air-condition the cabin or to remotely monitor the charging of their vehicle. Tesla Motors technicians can also remotely intervene on the car in case of problems.
Tesla Motors’ 5 Success Factors for Success
In the end it is a more complex set of all these points. Charles Delaville confirms that there are 6 reasons for Tesla Motors’ Success:
1. The Refusal to Accept the Status Quo and Compromise
The company was fortunate to be able to design the Model S from scratch and create the best possible vehicle with existing and internally developed technologies. Some people take this to mean It’s a given that a car doesn’t evolve once it leaves the dealership. The Model S, on the other hand, evolves over the months and updates.
2. The Quality of the Product Marketed
3. A Very Different Sales Approach than Competitors.
Tesla Motors markets the Model S directly, without using intermediaries. This allows Tesla to control the experience offered to its potential customers when they visit one of its stores in Paris or Aix-en-Provence, for example.
4. A Fairly Similar Approach on the Production Side
The whole process is very integrated. In its Fremont, California plant, the company manufactures the electric motor, the gearbox, the power converter, the aluminum body…
5. Consideration of the Challenges Customers Face
For example, to enable them to make long trips, Tesla deploys Superchargers that allow them to recharge up to 50% of their Model S battery in 20 minutes. As another example, to answer questions about reselling a vehicle of this type, the company is introducing the Tesla Trade-In Value Guarantee, which ensures that they get back 50% of the base price of the Model S and 43% of the options after 36 months. It’s a very pragmatic approach that seems to convince.
6. Entrepreneurial Adventure
Tesla seems to be expanding this expertise with the arrival of the PowerWall Battery for homes and businesses. The company’s approach remains the same, although Tesla will not market these batteries directly. The company is working with distributors or energy suppliers. In short, this entrepreneurial adventure proves that no market is inaccessible today. If the efforts are considerable, the era of the “all-connected” makes it easier to challenge historical players whose size does not allow them to evolve as quickly as they should in order to keep up with usage. After the car, the battery, what will be the next step for Tesla? We’ll have the answer very soon.
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Oxygen Concentrators Market Insights, Industry Scope and Forecast Research Report
Absolute Markets Insights (AMI) reports a robust forecast for the oxygen concentrators market during the 2021-2030 period. AMI anticipates that the market will grow at 7.1% owing to technological advancements in the equipment along with growing demand for portable oxygen concentrators amidst the pandemic. AMI reports that the market stood at a valuation of US$ 1378.07 Mn in 2020. Stationery oxygen concentrators held a remarkable share in the global oxygen concentrators market and is further expected to achieve substantial growth due to the pandemic situation worldwide. Stationery oxygen concentrators are massively used in the front line of military hospitals, disaster facilities and others, which has led to their increased demand. A large number of patients, mainly chronic obstructive pulmonary disease (COPD) and overlap-syndrome patients, are simultaneously using home oxygen therapy through noninvasive ventilation (NIV) modality. Additionally, there is also wide improvement in the home-based stationary oxygen concentrator technology, which include less weight, and more power amongst other features of the new stationary units. The huge advancements in technology is proved by the effectiveness of the devices in providing improved patient lifestyle. Stationary oxygen concentrator systems are mostly used by patients to supplement portable oxygen concentrators. Portable oxygen are largely accompanied with standard stationary devices, since they provide a more stable source of oxygen during sleep.
Access the Full Report @ https://www.industryglobalnews24.com/oxygen-concentrators-market-was-valued-at-us-137807-mn-in-2020-
According to AMI, pulse flow technology is expected to witness fastest growth during the 2021-2029 period. Due to rapid advancements in technology in oxygen concentrators, pulse dose-based oxygen concentrators are more efficient and is majorly used by patients who require short doses of oxygen. Due to changing lifestyle and increasing pollution working professionals, travellers, sports players and others suffering from respiratory disorders are rapidly opting for oxygen concentrators based on this technology. Due to rise in number of hospitals, medical healthcare facilities and high per capita healthcare expenditure has increased the demand for oxygen concentrators. Comparatively oxygen concentrators are more suitable for use in all levels of medications rather than oxygen cylinders. Hospitals are adopting oxygen concentrators to lower cost supply of oxygen. Additionally, organizations such as UNICEF are providing oxygen concentrators to various hospital across globe. In another instance, companies like AirSep introduced wall mounted and portable oxygen concentrators for small clinics with wide ranging capacity of oxygen along with central piping systems for stationery generators. Surge in COVID-19 cases have led to extensive demand for oxygen concentrators for effective and remote treatment of affected patients.
Some of the players operating in the oxygen concentrators market BPL Medical Technologies, CAIRE Inc., DeVilbiss Healthcare LLC, GCE Group, Inogen, Inc., Invacare Corporation, Koninklijke Philips N.V., Nidek Medical Products, Inc., O2 CONCEPTS, LLC, TEIJIN LIMITED and Other Industry Participants.
Global Oxygen Concentrators Market
By Offering
Products
Stationary
Portable
Accessories
Battery Packs
Backpacks & Cover
Charger
Others
Services
By Functionality
Continuous Flow
Pulse Dose
By End Users
Hospitals Highest Share
Clinics
Home Care Fastest Growing
Others
By Distribution Channel
Online
Offline
By Region
North America
U.S
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Contact Us:
Company: Absolute Markets Insights
Email id: [email protected]
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
Website: https://www.absolutemarketsinsights.com
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