#Global Automotive Energy Recovery Systems Market estimation | Explore Tumblr posts and blogs

latestmarketresearchnews · 4 days ago

Text

Lithium-ion Battery Market 2030 Size Outlook, Growth Insight, Share, Trends

In 2023, the global lithium-ion (Li-ion) battery market was estimated to be worth USD 54.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030. This growth is largely driven by rising demand for electric vehicles (EVs), supported by the cost-effectiveness and energy efficiency of Li-ion batteries. The automotive sector, in particular, is expected to see significant expansion due to the increasing global registration of EVs, as more consumers seek cleaner and more sustainable transport options. In the United States, the largest North American market for Li-ion batteries in 2023, federal policies and the presence of key industry players are anticipated to drive further product demand. Government policies, such as tax incentives for EV purchases under the American Recovery and Reinvestment Act of 2009, as well as fuel efficiency standards introduced by the Corporate Average Fuel Economy (CAFE) regulations, have accelerated the shift towards electric drive technologies in both passenger cars and light commercial vehicles (LCVs).

In addition to the automotive sector, the demand for Li-ion batteries in consumer electronics is also driving market growth. As consumers seek more durable and energy-efficient devices, lithium-ion batteries are becoming a preferred choice for smartphones, tablets, and other electronics due to their long lifespan and high performance. The demand for EVs is similarly bolstered by growing awareness of carbon emissions and the environmental impact of traditional gasoline-powered vehicles, which motivates consumers to adopt cleaner alternatives. This trend is supported by regulatory pressures on lead-acid batteries due to environmental concerns. Specifically, regulations set by the Environmental Protection Agency (EPA) aim to reduce lead contamination and govern the storage, disposal, and recycling of lead-acid batteries, prompting a shift towards safer Li-ion battery solutions for automotive applications.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Mexico has also emerged as a strategic center for the global automotive industry, attracting investments from companies worldwide due to its large automotive production capacity. As the fourth-largest exporter of vehicles globally, following Germany, Japan, and South Korea, Mexico's automotive production is expected to further stimulate demand for lithium-ion batteries in the region. However, the market faced challenges during the COVID-19 pandemic. Battery providers had to adapt by reducing operational costs due to lower demand and by managing disruptions in the supply of spare parts caused by reduced manufacturing activity and logistical issues. To maintain service quality for clients with long-term contracts, suppliers turned to digital tools and implemented strict health and safety measures, including social distancing and personal protective equipment, to ensure safe on-site maintenance and repair services where necessary.

Application Segmentation Insights:

The Li-ion battery market is categorized into several application segments: automotive, consumer electronics, industrial, medical devices, and energy storage systems. In 2023, the consumer electronics segment led the market, accounting for over 31% of total revenue. Portable lithium-ion batteries are widely used in consumer electronics due to their compact size, high energy density, and rechargeability. They are incorporated into various devices, including mobile phones, laptops, tablets, LED lighting, digital cameras, wristwatches, hearing aids, and other wearable gadgets. This high demand for portable devices has positioned the consumer electronics segment as a dominant sector in the market.

The electric and hybrid EV market is anticipated to be the fastest-growing application segment over the forecast period. Rising fossil fuel prices and increased awareness of the environmental benefits of battery-operated vehicles are expected to drive this growth, especially in emerging markets across Asia-Pacific, Europe, and North America. Moreover, Li-ion batteries are widely utilized for backup power solutions in commercial settings, such as data centers, office buildings, and institutions. In residential applications, Li-ion batteries are becoming popular for energy storage in solar photovoltaic (PV) systems, enhancing the growth potential of the energy storage segment.

Li-ion batteries are also gaining traction in various industrial applications. They are commonly used in power tools, cordless tools, marine equipment, agricultural machinery, industrial automation systems, aviation, military & defense, civil infrastructure, and the oil and gas sector. The versatility of Li-ion batteries, combined with their ability to deliver consistent power across diverse conditions, makes them ideal for these industries. Their use in such a broad range of applications is projected to further boost market demand as industries seek reliable and efficient energy solutions that can support both heavy-duty equipment and everyday electronic devices.

In summary, the lithium-ion battery market is poised for rapid growth across multiple sectors. The automotive and consumer electronics segments, in particular, are driving demand, supported by governmental policies, environmental concerns, and technological advancements. The expansion into applications like energy storage and industrial machinery further underscores the adaptability and efficiency of Li-ion batteries, positioning them as a critical component of future energy solutions across the globe.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

#Lithium-ion Battery Market Research #Lithium-ion Battery Market Forecast

0 notes

researchreportinsight · 4 days ago

Text

Lithium-ion Battery Industry Strategies With Forecast Till 2030

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Application Segmentation Insights:

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

#Lithium-ion Battery Market Research #Lithium-ion Battery Market Forecast

0 notes

industrynewsupdates · 1 month ago

Text

Lithium-Ion Battery Market Size, Share, Growth and Industry Trends 2024 - 2030

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030.

Automotive sector is expected to witness significant growth owing to the low cost of lithium-ion batteries. Global registration of electric vehicles (EVs) is anticipated to increase significantly over the forecast period. The U.S. emerged as the largest market in North America in 2023. Increasing EV sales in the country owing to supportive federal policies coupled with the presence of several players in the U.S. market are expected to drive product demand. Federal policies include the American Recovery and Reinvestment Act of 2009, which established tax credits for purchasing electric vehicles.

New Corporate Average Fuel Economy (CAFE) standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles (LCVs) resulting in the expansion of electric drive technologies. Increasing product demand in smartphones owing to their extended shelf life and enhanced efficiency is expected to drive market growth. The increasing demand for EVs owing to growing consumer awareness about carbon emissions is expected to fuel market growth. A decline in the demand for lead-acid batteries, owing to EPA regulations on lead contamination and resulting environmental hazards coupled with regulations on lead-acid battery storage, disposal, and recycling, has led to an increase in the demand for Li-ion batteries in automobiles. Mexico has been a center of the global automotive industry as companies worldwide are eyeing to invest here.

Gather more insights about the market drivers, restrains and growth of the Lithium-Ion Battery Market

Lithium-ion Battery Market Report Highlights

• In 2022, the consumer electronics application segment held the largest revenue share of over 39.13%. Portable batteries are incorporated in portable devices and consumer electronic products. The applications of portable batteries include mobile phones, laptops, computers, tablets, and other wearable devices

• In 2022, the LCO product segment accounted for the largest revenue share of over 31.17%. High demand for LCO batteries in mobile phones, tablets, laptops, and cameras on account of their high energy density and high safety level is expected to augment the market growth over the forecast period

• The U.S. emerged as the largest market in North America in 2021. Increasing electric vehicle sales in the country owing to supportive federal policies, coupled with the presence of several players in the U.S. market, are expected to drive the demand for lithium-ion batteries

• In CSA, lithium-ion batteries are frequently used battery types for Electrical Energy Storage (EES) owing to applications including stand-alone systems with PV, emergency power supply systems, and battery systems for the mitigation of output fluctuations from wind and solar power

• In Brazil, the government is taking various initiatives to support the electric vehicle market by exempting annual car ownership tax and import tax on electric vehicles. This is expected to fuel the demand for lithium-ion batteries over the coming years

Browse through Grand View Research's Conventional Energy Industry Research Reports.

• The global digital oilfield market size was valued at USD 27.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030.

• The global energy harvesting system market size was valued at USD 452.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2020 to 2028.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region

Lithium-ion Battery Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Lithium Cobalt Oxide (LCO)

• Lithium Iron Phosphate (LFP)

• Lithium Nickel Cobalt Aluminum Oxide (NCA)

• Lithium Manganese Oxide (LMO)

• Lithium Titanate

• Lithium Nickel Manganese Cobalt (LMC)

Lithium-ion Battery Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Automotive

• Consumer Electronics

• Industrial

• Energy Storage Systems

• Medical Devices

Lithium-ion Battery Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Russia

o Spain

o France

o U.K.

o Germany

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Paraguay

o Columbia

• Middle East & Africa

o South Africa

o UAE

o Egypt

o Saudi Arabia

Order a free sample PDF of the Lithium-Ion Battery Market Intelligence Study, published by Grand View Research.

#Lithium-Ion Battery Market #Lithium-Ion Battery Market size #Lithium-Ion Battery Market share #Lithium-Ion Battery Market analysis #Lithium-Ion Battery Industry

0 notes

tamanna31 · 2 months ago

Text

Lithium-ion Battery Market - Changing Supply and Demand Scenarios By 2030

Lithium-ion Battery Industry Overview

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Mexico is the fourth-largest exporter in automotive industry, after Germany, Japan, and South Korea. Growing automobile production in the country is anticipated to drive product demand. The COVID-19 pandemic has been a major restraint to market growth owing to several factors including reduced operational cost by end-users, coupled with disruption in the availability of spare parts due to sluggish manufacturing activities and logistics issues. Battery providers have taken subsequent steps to ensure efficient services to end-users that have signed long-term contracts with them. Vendors are opting for digital tools and are following prescribed preventative measures including social distancing norms and the use of protective kits in case of an on-site inspection and repair services required by end-users on a case-to-case basis.

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:

Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Lithium Cobalt Oxide (LCO)

Lithium Iron Phosphate (LFP)

Lithium Nickel Cobalt Aluminum Oxide (NCA)

Lithium Manganese Oxide (LMO)

Lithium Titanate

Lithium Nickel Manganese Cobalt (LMC)

Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

Automotive

Consumer Electronics

Industrial

Energy Storage Systems

Medical Devices

Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

North America

Canada

Mexico

Europe

Russia

Spain

France

Germany

Italy

Asia Pacific

China

India

Japan

South Korea

Australia

Central & South America

Brazil

Paraguay

Columbia

Middle East & Africa

South Africa

UAE

Egypt

Saudi Arabia

Browse through Grand View Research's Conventional Energy Industry Research Reports.

The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030.

The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Key Companies & Market Share Insights

The industry is extremely competitive with key participants involved in R&D and constant product innovation. Key manufactures include Samsung, BYD, LG Chem, Johnson Controls, Exide, and Saft. Several companies are engaged in new product development to improve their global market share. For instance, BYD and Panasonic hold a strong position on account of its increased manufacturing capacities and large distribution network.

Key Lithium-ion Battery Companies:

BYD Co., Ltd.

A123 Systems LLC

Hitachi, Ltd.

Johnson Controls

LG Chem

Panasonic Corp.

Saft

Samsung SDI Co., Ltd.

Toshiba Corp.

GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

0 notes

rushikesh-d · 6 months ago

Text

Asia Pacific Automotive Energy Recovery System Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Asia Pacific Automotive Energy Recovery System Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Asia Pacific Automotive Energy Recovery System Market scenario, and feasibility study are the important aspects analyzed in this report.

The Asia Pacific Automotive Energy Recovery System Market is experiencing robust growth driven by the expanding globally. The Asia Pacific Automotive Energy Recovery System Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Asia Pacific Automotive Energy Recovery System Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing.

Asia Pacific held the largest share of the global automotive energy recovery system market. It is projected to grow at a CAGR of 8.3% during the forecast period. The global automotive energy recovery systems market size is projected to grow from USD 17.12 billion in 2022 to USD 29.60 billion by 2030.

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/108029

Key Strategies

Key strategies in the Asia Pacific Automotive Energy Recovery System Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Asia Pacific Automotive Energy Recovery System Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Asia Pacific Automotive Energy Recovery System Market.

Major Asia Pacific Automotive Energy Recovery System Market Manufacturers covered in the market report include:

Denso Corporation (Japan)

Panasonic (Japan)

Mitsubishi Motors (Japan)

Hyundai Motor Group (South Korea)

Aisin Corporation (Japan)

IHI Corporation (Japan)

Robert Bosch GmbH (Germany)

Wuxi Credible Turbochargers Co., Ltd. (China)

Beijing HiLiQi Turbocharger Manufacturing Co., Ltd. (China)

Hyundai Mobis (South Korea)

with this development, the incorporation of energy recovery systems in electric vehicles is increasing to increase the range of the vehicle. This drives the demand for automotive energy recovery system market growth during the forecast period.

Trends Analysis

The Asia Pacific Automotive Energy Recovery System Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Asia Pacific Automotive Energy Recovery System Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Asia Pacific Automotive Energy Recovery System Market Solutions.

Regions Included in this Asia Pacific Automotive Energy Recovery System Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Asia Pacific Automotive Energy Recovery System Market.

- Changing the Asia Pacific Automotive Energy Recovery System Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Asia Pacific Automotive Energy Recovery System Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Asia Pacific Automotive Energy Recovery System Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Asia Pacific Automotive Energy Recovery System Market?

► Who are the prominent players in the Global Asia Pacific Automotive Energy Recovery System Market?

► What is the consumer perspective in the Global Asia Pacific Automotive Energy Recovery System Market?

► What are the key demand-side and supply-side trends in the Global Asia Pacific Automotive Energy Recovery System Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Asia Pacific Automotive Energy Recovery System Market?

Table Of Contents:

1 Market Overview

1.1 Asia Pacific Automotive Energy Recovery System Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook

1.4.1.2 Canada Market States and Outlook

1.4.1.3 Mexico Market States and Outlook

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook

1.4.2.5 Italy Market States and Outlook

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook

1.4.3.3 Korea Market States and Outlook

1.4.3.4 India Market States and Outlook

1.4.3.5 Southeast Asia Market States and Outlook

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook

1.4.4.3 Saudi Arabia Market States and Outlook

1.4.4.4 South Africa Market States and Outlook

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US:+1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

#Asia Pacific Automotive Energy Recovery System Market #Asia Pacific Automotive Energy Recovery System Market Share #Asia Pacific Automotive Energy Recovery System Market Size #Asia Pacific Automotive Energy Recovery System MarketTrends #Asia Pacific Automotive Energy Recovery System Market Growth

0 notes

tritonmarketresearchamey · 8 months ago

Text

Membranes Market | Pioneering Product Developments

Triton’s analysis predicts that the Global Membranes Market is set to rise at a CAGR of 6.74% during the forecast period 2024-2032.

This raises the question: What is prompting this growth?

According to WHO, in 2022, at least 1.7 billion people used drinking water contaminated by feces. Microbial contamination leads to transmission of water-borne diseases like cholera, diarrhea, typhoid, etc. WHO also states that around 505,000 deaths caused annually are due to diarrhea. Thus, to provide clean water for consumption purposes, countries opt-in to deploy membranes and remove the contaminants.

Estimates by the Asian Development Bank also suggest that in Asia-Pacific, around 1.5 billion people in rural areas and 600 million in urban areas lack adequate water supply and sanitation. This paves the way for sound water management techniques.

Hence, stakeholders make enormous efforts to explore purification methods and develop new membrane applications to reuse higher quantities of water. In fact, Triton’s analysis predicts that the Asia-Pacific Membranes Market is set to rise at a CAGR of 7.26% during the forecast period 2024-2032.

Explore in detail about this market in our FREE sample:

Reverse Osmosis (RO) - Integrating Smart Solutions

Introduced by Avista Technologies, AdvisorCi is a software that predicts precise dosing and use rates for membrane chemicals. In December 2023, it was updated with a new multivariable model, which presently allows users to create a 3D graph to track the pH and temperature of the membrane system.

Additionally, RO is known for its adaptability, efficiency in desalinization, and higher recovery rate than traditional methods. Hence, it is one of the most commonly used waterproofing techniques across industries like pharmaceuticals, automotive, food & beverages, etc.

Novel Product Design in Ultrafiltration (UF)

In order to provide convenient ultrafiltration technologies, DuPont’s IntegraTec offers a new, diverse portfolio featuring reliable and durable modules, flexible system design, PVDF, PP, and PES membrane configuration. As per its press release, its membrane technologies were used in more than 3000 installations across the world to produce 50 million cubic meters of water daily.

UF has pores with a size range of 0.02 to 0.05 microns, which helps in the successful elimination of silt, bacteria, viruses, and colloids. Thus, industry players actively invest in research and innovation within ultrafiltration to improve the efficiency of membranes, which creates significant growth opportunities in the reviewed market.

Innovation in Nanofiltration (NF)

A striking evolution in membrane technology is made by NX Filtration. It is a global provider of direct nanofiltration technology, recognized for its design that enables one step micropollutants removal with fewer chemicals. Removing the micropollutants like nano plastics, color and selective salts, PFAS, viruses, bacteria, etc., also requires less energy, thereby creating a strong sustainability benefit.

This highlights that hollow fiber nanofiltration membranes are widely used by municipal authorities, laboratories, industrialists, aquaculture, etc. in tackling issues with hardness and color in water. Accordingly, our analysis estimates that the membranes market by nanofiltration is set to witness the fastest growth at a CAGR of 7.69% over the forecast years 2024-2032.

Modernizing Ceramic Membranes

Nanostone recently made efforts on nanomaterials, aiming to enhance the production and application of ceramic membranes on a global scale. By employing a segmented monolith design, the system facilitates an unrestricted permeate flow along the entire length of the module. This specific design serves to reduce the flow restrictions and unnecessary pressure drops while maximizing surface area.

The modules are engineered to accommodate high flow rates, ensuring a user-friendly system due to broader flow channels. Moreover, the striking ability of this type of membrane material to withstand mechanical, chemical, and thermal stress widens the scope of the ceramic membranes market.

Cutting-Edge Solution by Suez SA

Suez SA developed a new product, ZeeLung, to treat wastewater in a small footprint. It is a membrane aerated biofilm reactor (MABR) used to upgrade the existing water treatment plants witnessing larger tank volumes.

ZeeLung cassettes are deployed to deliver oxygen to the biofilm without the use of air bubbles, which results in reducing energy consumption by 4X. The biofilm contains bacteria that utilize the oxygen to diffuse pollutants such as ammonia and organics from the bulk solution.

Grab a Quick Read to Understand the Widening Scope of the Membranes Market-

In Conclusion

The search for alternative water resources in drinking water and irrigation will persist with a growing dependence on groundwater. The impacts of climate change are anticipated to bring more fluctuations in harvested rainwater. Thus, enhanced management of all water resources is essential to ensure the quality of water. These reasons will drive the demand for membranes, thereby opening a new window of innovations for membrane manufacturers.

FAQs

Q.1) What materials are used to manufacture membranes?

Membrane manufacturers use materials such as ceramic, synthetic polymers, zeolite, and palladium. Similarly, a combination of all these can be used to design hybrid membranes and leverage the strength of every component.

Q.2) How much is the global membranes market worth?

The global membranes market was worth $8389.34 million in revenue in 2023 and is expected to generate $15121.63 million in 2030.

#marketresearchreports #tritonmarketresearch

0 notes

delvenservices · 1 year ago

Text

Heat Transfer Fluids (HTF) Market Competitive Analysis

Heat Transfer Fluids (HTF) Market, By Product Type (Mineral Oils, Synthetic Fluids, Glycol-Based Fluids), End Use (Chemical & Petrochemical, Oil & Gas, Automotive, Renewable Energy, Pharmaceutical) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

Market Overview

The global Heat Transfer Fluids (HTF) market size was estimated at USD 3.6 billion in 2023 and is projected to reach USD 7.4 billion in 2030 at a CAGR of 9.50% during the forecast period 2023-2030.

Heat transfer fluids (HTFs) refer to either gases or liquids that are specifically designed to facilitate the movement of heat from one system to another. These fluids are typically made from highly refined petroleum, synthetically formulated hydrocarbons, or siloxanes, such as silicone. The use of HTFs can provide several advantages, including the ability to operate at high temperatures while maintaining low system pressures, as well as ensuring safety, low maintenance, and extended operating lifetimes. It is anticipated that these benefits will have a consequential impact on the HTFs market.

The growth of the global Heat Transfer Fluids (HTF) market is mainly driven by the the swift acceptance of concentrated solar power on a worldwide scale is among the principal stimulants of demand. Heat transfer fluids, which avoid overheating and accumulate thermal energy, are industrial commodities that stem from petroleum origins. The main components of the manufacturing process comprise crude oil, silica, and base oils. The fundamental traits that delineate a heat transfer fluid encompass low viscosity, a non-corrosive constitution, elevated thermal conductivity and diffusivity, as well as extreme phase transition temperatures. Heat transfer fluids are gaining significant importance in their applications, such as extracting heat from the sun in concentrated solar panels to processing gas & oil in cold climatic conditions.

On the other hand, volatile raw material prices may hamper the market growth to some extent.

The COVID-19 pandemic has had a profound impact on businesses and supply chains, causing significant disruption. Moreover, the oil and gas industry has also been adversely affected by the pandemic, impeding the growth of the heat transfer fluid industry. The decline in both the supply and demand of oil and gas, particularly in North America and Europe, has resulted in the suspension of onshore and offshore production processes, thereby hindering the expansion of the heat transfer fluids market. Additionally, the suspension of new solar power projects and the disruption of activities in operational plants have further obstructed the market.

Request Sample Pages of Report: https://www.delvens.com/get-free-sample/heat-transfer-fluids-htf-market-trends-forecast-till-2030

Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. Heat transfer fluids (HTFs) are extensively employed in the chemical, oil and gas, and renewable energy sectors. Within the chemical processing industry, heat transfer is essential for the indirect heating of process liquids and polymers, single fluid batch processing, pipeline tracing, energy recovery, low-pressure cogeneration, the drying and heating of bulk materials, and gas processing. The escalating demand for chemicals from the automotive, energy and resources, construction, consumer goods, electronics, and health and nutrition industries has led to an increase in chemical production, which has in turn increased the demand for HTFs from chemical manufacturers. Additionally, HTFs are utilized in concentrated solar power (CSP) or solar energy generation and solar thermal storage, using concentrators such as parabolic trough-based systems. These fluids are employed to collect heat energy and transport it to a power station for thermal storage as a renewable energy technology. The increase in demand for clean energy worldwide has led to the establishment of various concentrated solar power plants across the globe. These factors have led to the expansion of the market and increased demand for Heat Transfer Fluids (HTF) solutions.

Key Findings

The Product Type segment is further fragmented into Mineral Oils, Synthetic Fluids and Glycol-Based Fluids. The Synthetic fluids segment is expected to account for a larger market size during the forecast period. Synthetic fluids surpass mineral oils in numerous aspects owing to their exceptional properties. They remain immune to oxidation, thermal breakdown, and oil sludge issues, thereby contributing towards minimizing evaporation losses. Moreover, their molecular structure exhibits uniformity and possesses robust bonds, rendering them thermally stable and durable, and augmenting their viscosity index. Additionally, their eco-friendly nature leads to reduced oil waste production. Nonetheless, their cost is comparatively higher than their mineral oil counterparts.

The End Use segment is further bifurcated into Chemical & Petrochemical, Oil & Gas, Automotive, Renewable Energy and Pharmaceutical. The Renewable energy industry is the largest market during the forecast period. Heat transfer fluids (HTFs) find their application in an array of renewable energy technologies such as concentrated solar power (CSP) plants, biodiesel production systems, wind turbines, and geothermal systems. Furthermore, HTFs can serve as an energy storage medium for the solar energy, which facilitates a consistent power supply in spite of the intermittent availability of sunlight. The demand for solar energy, in conjunction with the government's stringent regulations on clean energy, is anticipated to drive the growth of HTFs in the renewable energy industry.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is estimated to account for the largest market share during the forecast period due to rising population coupled with increasing energy demand has propelled the power and energy sector growth.

To Grow Your Business Revenue, Make an Inquiry Before Buying at: https://www.delvens.com/Inquire-before-buying/heat-transfer-fluids-htf-market-trends-forecast-till-2030

Regional Analysis

Europe to Dominate the Market

Europe is estimated to account for the largest market share during the forecast period due to rising population coupled with increasing energy demand has propelled the power and energy sector growth.

Moreover, Ongoing construction of new solar plants along with existing demand in industrial sectors including, automotive and metal processing is anticipated to drive the industry demand in the region.

Competitive Landscape

Arkema

Basf

British Petroleum

Chevron

Clariant Ag

Dalian Richfortune Chemicals

Dupont Tate & Lyle

Dynalene

Eastman Chemical Company

Exxonmobil

Global Heat Transfer

Hindustan Petroleum Corporation

Huntsman Corporation

Indian Oil Corporation

Isel

Lanxess

Paras Lubricants Limited

Paratherm

Petro-Canada

Phillips 66

Radco Industries

Schaeffer Specialized Lubricants

Schultz Canada Chemicals Ltd.

Shell Plc

The Dow Chemical Company

Wacker Chemie Ag

Recent Developments

In 2022, Chevron completed the acquisition of the Renewable Energy Group. Chevron completed the acquisition of the Renewable Energy Group. This acquisition is expected to help company leverage its strengths to deliver lower carbon energy.

In 2022, Eastman announced to expand the Therminol 66 heat transfer fluid manufacturing capacity in Anniston, Alabama. Plant expansion is expected to be completed in 2024 and will increase US-based capacity by 50%.

Get the Direct Order of the Report: https://www.delvens.com/checkout/heat-transfer-fluids-htf-market-trends-forecast-till-2030

Reasons to Acquire

Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.

Gain authentic and granular data access for the Heat Transfer Fluids (HTF)Market to understand the trends and the factors involved in changing market situations.

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope

The Heat Transfer Fluids (HTF)Market is segmented into various segments such as product type, end use and region:

Based on Product Type

Mineral Oils

Synthetic Fluids

Glycol-based Fluids

Others

Based on the End-Use

Chemical & Petrochemical

Oil & Gas

Automotive

Renewable Energy

HVAC

Pharmaceutical

Others

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

UNIT NO. 2126, TOWER B,

21ST FLOOR ALPHATHUM

SECTOR 90 NOIDA 201305, IN

+44-20-8638-5055

[email protected]

0 notes

blueweaveconsultingblog · 1 year ago

Text

Lithium Hexafluorophosphate Market Share, Trends, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global lithium hexafluorophosphate market size at USD 3.46 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global lithium hexafluorophosphate market size to grow at a significant CAGR of 12.83% reaching a value of USD 7.14 billion by 2029. Major growth drivers for the global lithium hexafluorophosphate market include rising demand for lithium-ion batteries in various industries, fueled by growing population, modern lifestyles, and automotive product demand. Consumer electronics' widespread use, such as smartphones and laptops, also plays a pivotal role. Governments' focus on pollution management and clean energy solutions further contributes to the rising demand for lithium hexafluorophosphate. As they emphasize sustainable practices, the adoption of lithium-ion batteries is expected to expand, driving the market's growth in the forecast period. However, fluctuating prices of raw materials and environmental and safety concerns are anticipated to restrain the overall market growth during the period in analysis.

Global Lithium Hexafluorophosphate Market – Overview

The global lithium hexafluorophosphate market includes the production, distribution, and consumption of lithium hexafluorophosphate (LiPF6) worldwide. LiPF6 is an essential electrolyte component in lithium-ion batteries used in various applications like consumer electronics, electric vehicles (EVs), and energy storage systems. The market involves manufacturers, suppliers, and research for enhancing LiPF6 and battery technologies. Key drivers of the market include the rising demand for electric vehicles, renewable energy integration, technological advancements in battery chemistry, and government initiatives for clean energy solutions. The market's size and demand are influenced by the growth of industries relying on lithium-ion batteries and the evolving battery technologies in the global energy storage landscape.

Sample Request @ https://www.blueweaveconsulting.com/report/lithium-hexafluorophosphate-market/report-sample

Impact of COVID-19 on Global Lithium Hexafluorophosphate Market

COVID-19 pandemic adversely affected the global lithium hexafluorophosphate market. During the pandemic, various industries, including automotive and consumer electronics, experienced disruptions in production and supply chains, leading to reduced demand for lithium-ion batteries that use lithium hexafluorophosphate. Additionally, lockdowns and travel restrictions resulted in a slowdown in EV adoption and renewable energy projects, further affecting the market's growth. However, as economies gradually recover and industries resume operations, the demand for EVs and renewable energy solutions is expected to rebound, positively influencing the lithium hexafluorophosphate market's recovery and future growth.

Global Lithium Hexafluorophosphate Market – By Application

By application, the global lithium hexafluorophosphate market is divided into Automotive, Sports, Chemical, Construction, Defense, Ceramic, Aerospace, and Wind Energy industries. The automotive segment holds the highest share in the global lithium hexafluorophosphate market by application due to the increasing demand for electric vehicles (EVs) worldwide. As governments and consumers prioritize sustainable transportation solutions, EV adoption has surged. Lithium hexafluorophosphate (LiPF6) plays a crucial role as an electrolyte component in lithium-ion batteries, which power EVs. Also, advancements in battery technology, coupled with supportive policies and incentives, have further boosted the automotive sector's reliance on LiPF6. The transition toward cleaner and greener transportation solutions has driven the demand for lithium hexafluorophosphate in the automotive industry, contributing to its dominant position in the market.

Competitive Landscape

Major players operating in the global lithium hexafluorophosphate market include Arkema, Abtonsmart Chemicals (Group) Co. Ltd, Honeywell International, Kum Yang Co., Ltd, Otsuka Chemical, Weifang Yaxing Chemical Co. Ltd., Ajanta Chemical Industries, Jingliang Hangsun Plastic Additives Co, Ltd, Abtonsmart Chemicals (Group) Co., Ltd, Jiangxi Selon Industrial Stock, Do-fluoride Chemicals, Tianjin Jinniu, Kanto Denka Kogyo, Foosung, and Stella Chemifa. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

[email protected]

#Lithium Hexafluorophosphate Market

0 notes

esgdatainrate · 1 year ago

Text

Busway-Bus Duct Forecast to 2031 with Key Companies Profile, Supply, Demand and SWOT Analysis

Busway-Bus Duct Market Research, 2031

The global busway-bus duct market size was valued at $12.1 billion in 2021, and is projected to reach $21 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Busway also known as bus duct is a combination of a metal duct consisting of either copper or aluminum solid conductors also known as busbar for the purpose of conducting a substantial current. The entire busduct system includes a few indistinguishable parts; housing, busbars, and support insulators.

Industries are becoming complex and volatile with the rise in disposable income, which drives the demand for various products across the world, such as automotive, cement, metal, and others across the world. In order to address this complexity and volatility, industries need to be flexible in all the aspects, such as production, supply chain, power utilization, and others, to adapt to the ever-changing market situations. Thus, in order to be flexible in regards to electricity distribution in the facilities, busduct systems are used. These can be interlinked in a very short time with the existing power distribution channel with relatively less cost and labor efforts, which is not easily possible with the conductor cables. Such and other advantages of busducts are driving the busway-bus duct market growth.

Global population is rising at a rapid pace. It is estimated that the total world population will rise to more than 9.5 billion by 2050, from about 7.5 billion in 2021. This factor drives the demand for residential buildings. Moreover, rise in urbanization and rise in number of service sector employees are driving the demand for commercial buildings such as hospitals, shopping malls, large retail shops, office spaces and others. Residential and non-residential buildings make significant use of busway-bus duct for power distribution from transformers and/or generators to the switch gears and others. Furthermore, growth in population also drives the demand for electricity and other forms of energy, which eventually propels the growth of industrial sectors such as oil & gas, power plants, and others. Moreover, chemical, automotive, pharmaceuticals, consumer goods and various other industrial sectors are witnessing rise in demand. Such factors are expected to be a major busway-bus duct market opportunity.

Major players in the industry offer a wide range of busway-bus duct systems for applications in various industries. Furthermore, they have launched new and advanced systems to stay competitive in the market. For instance, in February 2020, Siemens AG, launched a new busbar trunking system for the data centers.

The novel coronavirus rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of many components of busway-bus duct systems, due to lockdown. The economic slowdown initially resulted in reduced spending on various busway-bus duct systems by industrial and commercial users. However, owing to introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022, the number of COVID-19 cases have significantly reduced. This has led to the full-fledged reopening of busway-bus duct manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.

Competition Analysis

Key companies profiled in the busway-bus duct market forecast report include ABB, Accu-Panels Energy Pvt. Ltd., C&S Electric Limited, Current Midwest, DBTS IND, Eaton Corporation PLC, General Electric Company, Godrej and Boyce Company Limited, Huapeng Group Company, Ltd., L&T Electrical & Automation, LS Cable & System Ltd., Powell Industries Inc., Schneider Electric, Siemens AG, TAIAN-ECOBAR TECHNOLOGY, Tricolite Electrical Industries, and Vidhyut Control India Pvt. Ltd.

Full Report With TOC:-https://www.alliedmarketresearch.com/busway-bus-duct-market-A13992

0 notes

kenresearchcompany · 2 years ago

Text

Global Discrete Semiconductor Market is expected to grow further to a size of around US$55 Billion by 2028: Ken Research

Unlike an integrated circuit, discrete semiconductors are expected to perform a singular electronic function. Usually, discrete semiconductors are used in constructing circuits that can withstand considerable voltage load or current stress. They also help realize basic circuit functions. Rather than being built on a single semiconductor substrate with other components, discrete semiconductors have circuits built out of singular semiconductor units, connected together on a circuit board or terminal strips.

The Global Discrete Semiconductor Market is estimated to have grown to a size of nearly US$35 Billion in 2022 from approximately US$25 Billion in 2017. The market is expected to grow further to a size of around US$55 Billion by 2028 at a CAGR of around 7% for the forecasted period of 2022-2028.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIw

Growth in the automotive market, especially in the Electric Vehicles segment, is seen as one of the major reasons for the surge in the demand for discrete semiconductors. According to reports published by the International Energy Agency (IEA), consumers across the globe spent nearly US$250 billion on Electric Vehicle purchases in 2021. Growth in the sales of EVs led to a sharp increase in end-use investment in electrification, which accounted for more than 65% of total end-use investments in the transport sector in 2021 and was estimated to cross 74% in 2022.

Such high levels of growth in EVs and electrification have led to a spike in the sales of discrete semiconductors that aid in developing autonomous vehicle technology, regenerative braking systems, sensors & cameras, advanced driver assistance systems (ADAS), etc. Discrete semiconductors have also proven effective for components that are conducive to extreme voltages and environmental conditions.

The increasing demand for efficient electronic devices is also driving the growth in the market of discrete semiconductors. According to an IEA report, buildings are responsible for around one-third of the world’s total final energy consumption. IEA also estimates an annual growth of 0.8% in household energy demand from 2016 to 2040.

Such growth in energy consumption calls for efficient power management systems at the level of individual/household consumption. Examples of such smart devices include speakers with voice control, sensor-based, wearable activity trackers, smart camera-equipped doorbells, or self-driving cars. Power management systems, required to run such smart and efficient devices, require discrete semiconductors as switching devices and rectifiers that can convert electrical signals or change the voltage or frequency of an electrical current as and when required.

Despite consistent growth in total market size, discrete semiconductors still constitute less than one-fifth of the global semiconductors market. As per the numbers published by industry publication IC insights in February 2022, the combined sales of Optoelectronics, Sensors/Actuators, and Discrete (O-S-D) accounted for only 17% of the world’s total semiconductor market in 2021. Integrated circuits come with a host of advantages over discrete semiconductors. For instance, the physical size of ICs is significantly lower than that of the discrete circuit. Resultantly, the weight of an IC is also less and consumes less power.

In the initial days of the Covid pandemic, the semiconductor market, like many other industries, suffered from supply chain disruptions, frequent lockdowns, government restrictions on transport, unavailability of raw materials and labor, etc. However, the market started stabilizing in the second half of 2020 and the sales started crossing expectations during the 2021 global economic rebound, showing healthy signs of recovery from shortages, restricted supplies, and higher prices.

Key Trends by Market Segment

By Type: Transistors segment held the largest share of the Global Discrete Semiconductors Market in 2021. Transistors can be of many types, including MOSFET, IGBT, and Bipolar transistors. MOSFET or Metal Oxide Semiconductor Field Effect Transistors are the leading sub-segment within the transistor segment. IGBT stands for Insulated-Gate Bipolar Transistors.

According to an industry report published in 2021 by the Semiconductor Industry Association, semiconductors can be packed with up to tens of billions of transistors on a piece of silicon that is not more than the size of a quarter. Microprocessors, forming the core of a digital computer’s Central Processing Unit or CPU, may contain up to 40 billion transistors.

Diodes can also be of different types, including Switching diodes, Zener diodes, ESD Protection diodes, and Variable-Capacitance diodes. Rectifiers, converting alternating current into direct current, are also special types of diodes. Rectifiers could be general-purpose or high-speed.

Vishay Intertechnology, Inc., one of the notable players in the semiconductor industry, introduced two new diode varieties in September 2022 to augment its position in the discrete semiconductor segment. The newly launched diodes were short-wavelength ultraviolet-emitting ones that came in ceramic and quartz-based packages.

These diodes are equipped to offer DC forward current up to 300 mA and forward voltage down to 5.2 volts at a wavelength range between 265nm and 280nm. These diodes are expected to be used in sterilization devices required for earbuds, water bottles, refrigerators, air purifiers, medical instruments, coffee machines, ATMs, and vacuum cleaners. Industries benefitting from these diodes would include the medical, industrial, and consumer sectors.

The Thyristors are four-layer devices with alternating P-Type and N-Type semiconductors (P-N-P-N). Usually equipped with three terminals – positive, negative, and control terminal – a Thyristor helps control electric power and current as a switch. Thyristors come with the capacity to protect circuits with large voltages (up to 6,000 volts) and currents (up to 4,500 A).

A discrete semiconductor module is one that offers designated tools to analyze semiconductor device operations, including the simulation of a range of devices, such as bipolar transistors, MOSFETS, IGBTs, etc.

The combined market of Optoelectronics, Sensors & Actuators, and Discrete Semiconductors – popularly referred to as the O-S-D market, discrete semiconductors have successfully managed to keep their share consistent through the years, almost one-third of the market from 2015 to 2021. This consistent demand is a result of the steadfast demand for power transistors, diodes, and many commodity devices.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDIw

By Component: The Memory Devices segment held the largest share of the discrete semiconductor market, component-wise.

Discrete semiconductor memory devices are deployed in many consumer electronic devices that have a consistently growing demand, including desktop computers, laptops, tablets, and smartphones. Discrete semiconductor memory devices can either be volatile or non-volatile. Examples of volatile memory storage include RAM or Random Access Memory, which lose stored information as and when power is removed. Non-volatile memories, on the other hand, can retain their stored information even if the power is removed.

The demand for discrete power devices has also been on the rise. In order to cater to this demand, Hitachi, one of the significant players in the market, restructured its power semiconductor business in 2013. Hitachi first transferred its design, manufacturing, quality assurance, sales, and other operational capabilities to Hitachi Haramachi Electronics Co., Ltd., and subsequently changed its name to Hitachi Power Semiconductor Device, Ltd. The entity now designs, manufactures, and sells discrete devices, including IGBT modules, diodes including rectifiers, fast recovery, Zener, surge, suppressors, and high-voltage diodes.

By Application: The Consumer Electronics segment is estimated to occupy the largest chunk of the discrete semiconductor market, followed closely by Automotive.

High demand from the consumer electronics segment is driven by the need for discrete semiconductors in portable electronics products, wearable and gaming devices, products for smart homes, etc. In the Automotive industry, discrete semiconductors are deployed in regenerative braking systems and developing autonomous vehicle features, while the industrial application includes efficient and energy-saving security and lighting systems for large physical infrastructure.

Also, a substantial increase in the number of people working from home offices and home set-ups is driving growth in the networking and communication segment. Among other industries, discrete semiconductors find applications in healthcare facilities, hotels and restaurants, ATMs, and more.

To keep up with the growing demand for discrete semiconductors, Toshiba Electronic Devices & Storage Corporation decided to construct a 300-millimeter wafer fabrication facility at its discrete semiconductor product base in Ishikawa, Japan.

Toshiba expects the expanded facility to help in more than doubling its existing power discrete semiconductors production capacity. The expansion commenced in February 2022 and the start of phase 1 production is expected to happen within the fiscal year 2024.

With the increasing adoption of Electric Vehicles, the demand for regenerative braking is also witnessing a surge, resulting in demand growth for discrete semiconductors. Regenerative braking utilizes energy wasted during the slowing down of a car to recharge EV batteries. Resultantly, regenerative braking systems reduce energy consumption in vehicles.

A scientific study showed that vehicles with regenerative braking features have a 95% probability that their energy consumption would be in the range of 144-147 Wh/Km. In vehicles that do not have regenerative braking, the energy consumption hovers between 153 and 156 Wh/Km.

By Region: The Asia Pacific is estimated to be the largest geographic region in the discrete semiconductor market. Moreover, it is also expected to be the fastest-growing market in the forecasted period of 2022-2028.

The Asia Pacific region leads the market for a variety of reasons, including the presence of semiconductor manufacturing facilities in China, South Korea, Taiwan, and India, significant growth in the automotive industry in the region, positive flow of investments in developing advanced AI-based semiconductors, vast presence of portable and wireless manufacturing facilities, and low cost of labor.

North America is also considered to be a significant geographic region for the discrete semiconductor market driven by the notable presence of the automotive industry players in large numbers and the regional expertise in research, design, and manufacturing of semiconductors, especially for those that are optimized for high-temperature applications.

According to reports published in November 2021 in the well-known industry publication Semiconductor Engineering, China is investing heavily in power semiconductors, used in cars, computers, and other types of industrial products.

Wingtech Technology, a semiconductor and communications product company based in Hong Kong, announced an investment of nearly US$2 billion to build a 300 mm power semiconductor fab in Shanghai in early 2021.

According to a whitepaper-based report published by the Semiconductor Industry Association, nearly 23,000 new semiconductor companies were established in China in 2020 alone, a nearly 200% rise in comparison with the 2019 numbers.

According to another industry report published in December 2021, there were more than 100,000 semiconductor and circuit manufacturing employees in the US, a number that is expected to rise by 70,000 to 90,000 new jobs to be added soon.

To more regional trends, Ask for a Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDIw

Competitive Landscape

The Global Discrete Semiconductor market has nearly 100 players, including globally diversified players, regional players, and country-niche players having expertise in addressing specific technological needs relating to one or multiple specific sub-segments.

Large global players constitute ~25% of the market in terms of the number of competitors, while regional players represent largest number of competitors. Some of the major players in the market include ABB Limited, ON Semiconductor Corporation, Infineon Technologies AG, STMicroelectronics NV, Toshiba Corporation, NXP Semiconductors, Diodes Incorporated, Nexperia, D3 Semiconductor, Eaton Corporation, Hitachi Ltd, Mitsubishi Electric Corporation, Fuji Electric Corporation, Taiwan Semiconductor Manufacturing Company Ltd., and Vishay Intertechnology Inc. among others.

Recent Developments Related to Major Players

In Mid-December 2021, STMicroelectronics introduced a family of GaN power semiconductors under its STPOWER portfolio. These newly launched family of products are capable of notably reducing the consumption of power and facilitating slimmer designs for a variety of end-use consumer electronics products, such as chargers, external power adapters for PCs, LED-lighting drivers, and power supplies to be used inside televisions and other home appliances.

In August 2022, Toshiba introduced its3rd generation silicon carbide (SiC) MOSFETs, capable of delivering low on-resistance and reducing switching loss. Toshiba is dedicated to coming up with more such products in the future as part of its commitment to help realize a carbon-free economy with high-performance power devices.

In April 2022, Nexperia added to its existing lineup of discrete components that came in leadless DFN packages with side-wettable flanks. The company expects, owing to their space-saving features and resilience, these components would help meet the demands of next-gen smart and electric vehicles.

Conclusion

The Global Discrete Semiconductor Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is expected to grow at a steady pace of ~7% during next 6 years and reach a revenue of ~US$55 Bn by 2028, owing to its applications in the consumer electronics and automotive markets. While the demand for high-energy, low-power devices would drive growth from the consumer electronics part of the market, increasing electrification and automation requirements in vehicles would fuel demand from the automotive category. Uses in the medical industry, construction industry, and lighting industry, in general, would also contribute to the growing demand for discrete semiconductors. There are nearly 100 competitors but regional players comprise the largest number among them.

Market Taxonomy

By Type

Diodes

Transistors

Thyristor

Modules

Others

By Components

Memory Devices

Logic Devices

Discrete Power Devices

Others

By Application

Networking and Communication

Automotive

Consumer Electronics

Industrial

Others

By Region

North America

USA

Canada

Mexico

Europe

Germany

France

Spain

Italy

Rest of Europe

Asia-Pacific

China

Japan

South Korea

India

Indonesia

Australia

Rest of Asia Pacific

LAMEA

Latin America

Middle East

Africa

Key Players

ABB Limited

ON Semiconductor

Infineon Technologies

STMicroelectronics NV

Toshiba Corporation

NXP Semiconductors

Diodes Incorporated

Nexperia

D3 Semiconductor

Eaton Corporation

Hitachi Ltd

Mitsubishi Electric Corporation

Fuji Electric Corporation

Taiwan Semiconductor Manufacturing Company Ltd.

Vishay Intertechnology Inc.

0 notes

kbvresearch · 8 years ago

Text

Latest release published on KBV Research News

Latest press release on:

Global Automotive Energy Recovery Systems Market to reach a market size of $69.3 billion by 2022

According to a new report Global Automotive Energy Recovery Systems Market (2016-2022), published by KBV Research, the global Automotive Energy Recovery Systemsmarket is expected to attain a market size of $69.3billion by 2022, growing at a CAGR of 30.4% during the forecast period.

To improve the functions of the automobile system, the automotive energy recovery system utilizes the otherwise wasted energy by braking pads into productive energy. The global automotive energy recovery system market is driven due to factors such as stringent vehicular emission rules & regulations, rise engine resizing trends, and stringent fuel economy standards.

By Product the market is segmented into regenerative braking system (RBS), turbocharger, and exhaust gas recirculation (EGR). In 2015, regenerative braking system registered highest revenue, and would be the leading product segment during the forecast period. The major factor that is driving the RBS segment is the rise in the number of electric vehicles & EVSE infrastructure, mostly in China, Japan, and the U.S. Also, the RBS market is expected to register highest growth rate during the forecast period. Turbocharger segment on the other hand, would register moderate growth rate due to rise in adoption of waste energy recovery system in passenger cars & commercial vehicles.

Based on the vehicle type, the market is segmented into two-wheeler, passenger cars, and commercial vehicles. Passenger cars held the largest market share due to substantial growth in the number of electric cars. In 2015, electric cars such as BEV, PHEV, and HEV witnessed tremendous growth. Additionally, growth in EVSE infrastructure such as charging station, mostly in China, adds to the growth of the passenger car segment. Two-wheeler segment on the other hand is anticipated to register highest market growth rate during the forecast period due rapid adoption of regenerative braking system in electric two wheelers.

The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Automotive Energy Recovery Systemshave been discussed in the report along with the elaborated company profiles of Mitsubishi Heavy Industries. Ltd., Robert Bosch GmbH, Autoliv Inc., Continental AG, Honeywell International, Inc., Cummins Inc., Tenneco Inc. and Faurecia.

Full report : https://kbvresearch.com/reportDetail.php?content_id=global-automotive-energy-recovery-systems-market

Global Automotive Energy Recovery Systems Segmentation

By Product Type

Regenerative Braking System

Electric

Hydraulic

Others

Turbocharger Professional

Twin Turbocharger

Wastegate Turbocharger

Variable-geometry Turbocharger

Exhaust Gas Recirculation

By Vehicle Type

2-Wheeler

Passenger Cars

Commercial Vehicles

By Geography

North America Automotive Energy Recovery SystemsMarket

S. Automotive Energy Recovery SystemsMarket

Canada Automotive Energy Recovery SystemsMarket

Mexico Automotive Energy Recovery SystemsMarket

Rest of North America Automotive Energy Recovery SystemsMarket

Europe Automotive Energy Recovery SystemsMarket

Germany Automotive Energy Recovery SystemsMarket

K. Automotive Energy Recovery SystemsMarket

France Automotive Energy Recovery SystemsMarket

Russia Automotive Energy Recovery SystemsMarket

Spain Automotive Energy Recovery SystemsMarket

Italy Automotive Energy Recovery SystemsMarket

Rest of EuropeAutomotive Energy Recovery SystemsMarket

Asia-Pacific Automotive Energy Recovery SystemsMarket

China Automotive Energy Recovery SystemsMarket

Japan Automotive Energy Recovery SystemsMarket

India Automotive Energy Recovery SystemsMarket

South Korea Automotive Energy Recovery SystemsMarket

Singapore Automotive Energy Recovery SystemsMarket

Malaysia Automotive Energy Recovery SystemsMarket

Rest of Asia-Pacific Automotive Energy Recovery SystemsMarket

LAMEA Automotive Energy Recovery SystemsMarket

Brazil Automotive Energy Recovery SystemsMarket

Argentina Automotive Energy Recovery SystemsMarket

UAE Automotive Energy Recovery SystemsMarket

Saudi Arabia Automotive Energy Recovery SystemsMarket

South Africa Automotive Energy Recovery SystemsMarket

Nigeria Automotive Energy Recovery SystemsMarket

Rest of LAMEA Automotive Energy Recovery SystemsMarket

Companies Profiled

Mitsubishi Heavy Industries. Ltd.

Robert Bosch GmbH

Autoliv Inc.

Continental AG

Honeywell International, Inc.

Cummins Inc.

Tenneco Inc.

Faurecia

Unique Offerings from KBV Research

Exhaustive coverage of Global Automotive Energy Recovery SystemsMarket

Highest number of market tables and figures

Unique “Market Research & Analytics Tool” to provide instant comparative analysis within the report

Subscription based model available

Free of cost quarterly updates

Guaranteed best price

Assured post sales research support with 10% customization free

Related Reports:

North America Automotive Energy Recovery SystemsMarket (2016-2022)

Europe Automotive Energy Recovery SystemsMarket (2016-2022)

Asia Pacific Automotive Energy Recovery SystemsMarket (2016-2022)

LAMEA Automotive Energy Recovery SystemsMarket (2016-2022)

0 notes

industrynewsupdates · 3 months ago

Text

Lithium-Ion Battery Market Size, Trends, and Business Outlook 2024-2030

The global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to register a compound annual growth rate (CAGR) of 20.3% from 2024 to 2030.

Gather more insights about the market drivers, restrains and growth of the Lithium-ion Battery Market

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market report based on product, application and region:

Product Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Lithium Cobalt Oxide (LCO)

• Lithium Iron Phosphate (LFP)

• Lithium Nickel Cobalt Aluminum Oxide (NCA)

• Lithium Manganese Oxide (LMO)

• Lithium Titanate

• Lithium Nickel Manganese Cobalt (LMC)

Application Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• Automotive

• Consumer Electronics

• Industrial

• Energy Storage Systems

• Medical Devices

Regional Outlook (Volume, GWh; Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Russia

o Spain

o France

o U.K.

o Germany

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Central & South America

o Brazil

o Paraguay

o Columbia

• Middle East & Africa

o South Africa

o UAE

o Egypt

o Saudi Arabia

Browse through Grand View Research's Conventional Energy Industry Research Reports.

• The global shore power market size was estimated at USD 2.0 billion in 2023 and is expected to grow at a CAGR of 10.4% from 2024 to 2030.

• The global gas turbine market size was estimated at USD 10.19 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Key Companies & Market Share Insights

Key Lithium-ion Battery Companies:

• BYD Co., Ltd.

• A123 Systems LLC

• Hitachi, Ltd.

• Johnson Controls

• LG Chem

• Panasonic Corp.

• Saft

• Samsung SDI Co., Ltd.

• Toshiba Corp.

• GS Yuasa International Ltd.

Order a free sample PDF of the Lithium-ion Battery Market Intelligence Study, published by Grand View Research.

#Lithium-Ion Battery Market #Lithium-Ion Battery Industry #Lithium-Ion Battery Market size #Lithium-Ion Battery Market share #Lithium-Ion Battery Market analysis

0 notes

constructioandchemicalblog · 2 years ago

Text

Diesel Exhaust Fluid Market 2022 | Global Growth by Manufacturers, Major Application Analysis 2028

In addition, the diesel exhaust fluid market is expected to rise at a CAGR of 8.4%, with a value of USD 30,643.9 million over the estimated forecasting year of 2022-2030.

The International Organization for Standardization has standardized the diesel exhaust fluid as an aqueous urea solution. This consumable fluid is used in conjunction with Selective Catalytic Reduction technology, employed in diesel-powered automobiles to minimize hazardous pollutants in the exhaust. The exhaust fluid from a diesel engine is kept in a separate fuel tank attached to the exhaust pipe and is triggered as soon as the engine is started.

Environmental sustainability is one of the most important issues entrusted to various automobile manufacturers and fossil fuel energy corporations to reduce harmful chemicals such as NOx, COx, and unburnt particles from the vehicle and other machine exhaust, primarily by the NOx emissions act enacted in 2010 by the Environmental Protection Agencies around the world. The growing demand for diesel engine exhaust treatment fluid in end-use sectors such as marine, automotive, and aerospace propels the worldwide diesel exhaust fluid market forward. Strict limitations on greenhouse gas emissions and rising demand for this product from the automobile sector are propelling the market forward.

In 2020, the year-on-year growth rate of the diesel engine exhaust fluid market was predicted to fall, based on present conditions. The recovery of the automobile sector is predicted to boost DEF demand, which will, in turn, drive the recovery of the diesel exhaust fluid market. Due to issues with the supply chain, labor, and government preventive standards, vehicle sales and production are not likely to fully restart even once the lockdown is removed. The coronavirus outbreak is projected to have a minor impact on the diesel exhaust fluid industry in this scenario.

Market Segmentation:

The global market has been segmented into two sections technology and regional basis. With the technology section, the global market has been divided into five sections selective catalytic reduction, lean NOx trap, exhaust gas recirculation, diesel oxidation catalyst, and others. On a regional basis, the diesel exhaust fluid market has been divided into five sections Asia-pacific, North America, South America, Europe, and Middle East & Africa.

Regional Analysis:

The diesel exhaust fluid market is predicted to develop rapidly in the Asia-Pacific region in the coming years, owing to rising sales of passenger and commercial cars, particularly in emerging nations such as India and China. Furthermore, in the next years, the Asia-Pacific diesel exhaust fluid market will likely benefit from the rising prevalence of natural gas cars in several countries.

Alternative fuels such as liquefied natural gas are being utilized in a few nations, necessitating changes to the fuel distribution system. As the usage of LNG cars grows in the future decade, the market for automotive fuel delivery systems is likely to rise dramatically.

According to statistics from Global Trade Tracker and China's General Administration of Customs, China imported more liquefied natural gas in 2021 than any other country, according to the US Energy Information Administration. As a result, the considerations mentioned earlier and advances point to a bright future for vehicle fuel delivery systems throughout the predicted period.

Industrial News:

Many variables influence diesel exhaust fluid market aftermarket demand, including the growth in average vehicle age, infrastructure development, the increase in the number of cars on the road, average mileage, DEF replacement cycle, and increased attention to vehicle maintenance.

Read More: https://www.marketresearchfuture.com/reports/diesel-exhaust-fluid-market-5034

Contact

Wantstats Research and Media Private Limited

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Maharashtra, India

+1 646 845 9312

Email: [email protected]

#Diesel Exhaust Fluid Market

0 notes

kiranadhavmarketstudy · 2 years ago

Text

Energy Recovery Systems Market – Analysis, Trends, Growth, Size, Type, Forecast to 2028

The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Energy Recovery Systems market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.

Get Exclusive Sample Pages of this Report@ https://iconmarketresearch.com/inquiry/sample/IMR0512

Energy Recovery Systems Market Company Profiles Analysis:

Robert Bosch GmbH (Germany)

Continental AG (Germany)

Curtiss Wright Corp. (U.S.)

TRW Automotive (U.S.)

Nissan Motor Corporation (Japan)

P.S.A Citroen (France).

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘ Energy Recovery Systems Market Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.

Market Segmentation:

X-by-Wire Systems Market Size, Share & Trends Analysis Report By System Type [Shift-by-Wire, Throttle-by-Wire, Active Suspension (Suspension-by-Wire), Electronic Park Brake (Park-by-Wire), Fly-by-Wire & Other-by-Wire Technologies], by Vehicle Type (Passenger & Commercial) Global Industry Insights, Trends, and Forecast, 2021-2028.

Speak to Analyst for more details@

Regional Framework

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Energy Recovery Systems Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Energy Recovery Systems Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Energy Recovery Systems Market Report:

North America

Europe

Asia-Pacific

Latin America

The Middle East & Africa

Major Features of Energy Recovery Systems Market Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Energy Recovery Systems Market market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global Energy Recovery Systems Market market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Purchase a Copy of this Study @ https://iconmarketresearch.com/inquiry/buying/IMR0512

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

About Us:

Icon Market Research is a one-stop industry research provider of actionable intelligence. Through our syndicated and consulting research services, we help our clients get solutions to their research requirements. We specialise in industries such as Semiconductor and Electronics, Aerospace and Défense, Energy, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Gaurav B

E-mail: [email protected]

Phone: (+1) 812 506 4440.

#Energy Recovery Systems Market

0 notes

tritonmarketresearch · 2 years ago

Text

Global Copper Busbar Market is expected to Advance at a CAGR of 7.21% by 2028

Triton Market Research presents the Global Copper Busbar Market report sectioned by Application (Switchboards, Heat Sinks, Motors & Generators, Transformers, Bus Ducts, Power Distribution Panel, Others), Vertical (Telecommunications, Electric Utilities, Automotive & Transportation, Data Centers, Other Verticals), Type (Oxygen-free Copper Busbars, ETP [Electrolytic Tough Pitch Copper Busbars], Other Types), Deployment (Industrial, Residential, Commercial), and by country outlook (Latin America, Asia-Pacific, Middle East and Africa, Europe and North America). The report further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Key Buying Impact Analysis, Market Attractiveness Index, Vendor Scorecard, Industry Components, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton’s report suggests that the global market for copper busbar is estimated to witness growth at a CAGR of 7.21% over the forecast period.

Request Free Sample Report:

https://www.tritonmarketresearch.com/reports/copper-busbar-market#request-free-sample

Busbars can distribute power and are more easily adaptable than other installations. They are electrically conductive metallic strips made of copper, brass, or aluminum. Copper is a common conductive metal used in busbars due to its resilience to high temperatures, providing extra security during short-circuit situations.

The key drivers for the copper busbar market are rising construction activities worldwide, growing electricity utilization, industrialization & urbanization, and increasing investments in transmission & distribution infrastructure. The increase in construction activities is one of the main reasons for the increase in copper busbar demand. Besides, the growing sites lead to a huge demand for construction materials, leading to copper busbar demand.

However, the fluctuations in raw material prices impede the market’s growth. Following a 26.83% price increase in 2021, analysts predict copper prices will reach a record low in 2022. These price fluctuations are due to factors such as China’s economic recovery from the pandemic, sustainable green energy stimulates, and supply disruptions.

Globally, North America is expected to be the fastest-growing region in the copper busbar market. The region has witnessed considerable growth owing to its favorable policies. Industry players in the region are investing significantly in R&D activities to find new avenues for their products. The US is the leading country, accounting for a market share of 87.29% in 2021 due to a more developed venture capital market.

The established companies in the copper busbar market include Oriental Copper Ltd, Sofia Med SA, Kinto Electric Co Ltd, ElvalHalcor Hellenic SA, Aurubis AG, Luvata, Lafer Iberica Srl, ABB Ltd, Etablissements Gindre Duchavany SA, American Power Connection Systems Inc, Eaton Corporation plc, Schneider Electric SE, Promet AG, Wetown Electric Group, and Siemens Aktiengesellschaft.

There is intense competition among the existing players in the market. Many companies are adding differentiated features to their products to gain a competitive edge in the market. Therefore, the competition level among current market contenders is high.

[email protected]

Phone: +44 7441 911839

#Copper Busbar Market #building and construction #building industry #construction industry #market research report #market research reports #triton market research

0 notes

researchvishal · 2 years ago

Text

Golf Cart Market | Growth Opportunities, Business Insights And Forecast To 2031

Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

With the rising focus on renewable energy, the demand for solar-powered and electric vehicles is increasing. The trend also is visible in the golf cart market. According to FMI, electric golf carts are expected to account for over 87% of sales in 2021. Driven by changing preferences of consumers, some of the leading manufacturers are focusing on developing technologically advanced intelligent braking system for golf carts. This is indicating towards the potential launch of driverless golf carts.

The research report analyzes demand trends within the global golf cart market. The global market estimation and growth projection are based on factors such as rapid urbanization, automotive industry development, COVID-19 crisis impact, increasing per capita income, and growth in the international and national tourism industries. As per FMI’s research scope, the global golf cart market has been studied and segmented on the basis of product type, operation, application, ownership and region. The global golf cart market report also details global golf cart cost analysis, and market presence of leading manufacturers.

Key Takeaways of Global Golf Cart Market Study

After registering negative growth in 2020, golf cart sales is expected to pick up 2021 onwards

The U.S. market will prove excessively lucrative, accounting for dominant 78.3% sales in 2021

After deceleration in sales, the U.K. market will exhibit recovery, registering 2.6% Y-o-Y growth in 2021

Other than U.K., Germany and France will emerge as key markets within Europe

China will continue dominating East Asia market, followed by Japan and South Korea

“Driven by increasing focus on reducing emissions and the rising demand for energy-efficient mobility solutions, golf cart manufacturers are expected to focusing on the production of solar powered and electric golf carts. With this trend unlikely to slow down in the near future, the market will continue gaining impetus through the forecast period,” says FMI analyst.

Global golf cart Market by Category

Product Type

Push-Pull Golf Cart

Gasoline Golf Cart

Electric Golf Cart

Solar Powered Golf Cart

Operation

Manual

Powered

Application

Golf Courses

Personal Use

Industry Use

Others

Ownership

Rented

Fully Owned

Global golf cart market is expected to be an opportunistic market in the forecast period due to growing golf sports infrastructure and its applications in various sectors. As this low speed and compact vehicles have numerous applications, starting from their primary application in golf courses to their applications in sports events, airports, resorts, hospitals, warehouses, railway stations, universities, and housing projects, their demand is expected to rise considerably in the coming years.

For instance, Club Car, LLC Club car, a leading company in golf cart market, has introduced its lithium ion-powered golf cart technology in 2019. Such efforts by leading players are expected to bode well for the market.

For more information @ https://www.futuremarketinsights.com/reports/golf-cart-market

#automotive #car #electric vehicles #motor bike #golf cart #golf community

0 notes