#PHEV Cells Market Trends

[sharmapooja1234]

Growing Demand Of PHEV Cells Market By 2029 With Top Key Players Like LG, Panasonic, Samsung

The PHEV Cells Market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. PHEV Cells report research highlights market driving factors, an overview of the market growth, industry size, and market share. Since this PHEV Cells report depicts the constantly evolving needs of clients, vendors, and purchasers in different regions, it becomes simple to target specific products and generate large revenues in the global market.

“The Market For PHEV Cells Market Is Expected to Reach Rise at A CAGR Of 10% During the Forecast Period.”

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Top Key Players are covered in this report:

LG, Panasonic, Samsung, LEJ, BYD, CATL, SK, SVOLT Energy, Hengyuan, Farasis Energy, EVE Energ

On the Basis of Product, the PHEV Cells Market Is Primarily Split Into

8-10kwh

    10-15kwh

    15-20kwh

    20-30kwh

    Above 30kwh

On the Basis of End Users/Application, This Report Covers

Micro Hybrid Vehicle

    Mild Hybrid Vehicle

    Moderate Hybrid Vehicle

    Heavy Duty Hybrid Vehicle

 

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico

-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe

-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC

-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America

-The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

Major Highlights of the PHEV Cells Market report study:

A detailed look at the global PHEV Cells Industry

The report analyzes the global PHEV Cells market and provides its stakeholders with significant actionable insights

The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates

The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process

The study includes data on PHEV Cells market intelligence, changing market dynamics, current and expected market trends, etc.

The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global PHEV Cells market

Market Ecosystem and adoption across market regions

Major trends shaping the global PHEV Cells market

Historical and forecast size of the PHEV Cells market in terms of Revenue (USD Million)

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Market Segment Analysis:

The PHEV Cells Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.

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The Research covers the following objectives:

– To study and analyze the Global PHEV Cells consumption by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2028.

– To understand the structure of PHEV Cells by identifying its various sub-segments.

– Focuses on the key global PHEV Cells manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in the next few years.

– To analyze the PHEV Cells with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

– To project the consumption of PHEV Cells submarkets, with respect to key regions (along with their respective key countries).

Report Customization:

PHEV Cells, the report can be customized according to your business requirements as we recognize what our clients want, we have extended 25% customization at no additional cost to all our clients for any of our syndicated reports.

In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.

Our research and insights help our clients in identifying compatible business partners.

Note: All of the reports that we list have been tracking the impact of COVID-19 on the market. In doing this, both the upstream and downstream flow of the entire supply chain has been taken into account. In addition, where possible we will provide an additional COVID-19 update report/supplement to the report in Q3, please check with the sales team.

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[semiconductorsandelectronics]

Electric Vehicle Component Market: A Comprehensive Analysis

Countries around the world have set targets to reduce vehicle emissions by 2035. They have started promoting the development and sales of EVs and related charging infrastructure. For instance, according to the Natural Resources Defense Council, automotive companies in the US have announced US 210 billion in investments in the EV industry to promote EV infrastructure such as charging stations. Several governments are providing various incentives, such as low or zero registration fees and exemptions from import taxes, purchase taxes, and road taxes for the adoption of EVs. This will grow the electric vehicle components market in the future.

New entrants and major automobile manufacturers are investing heavily in electrification. EVs are being launched across the spectrum from compact cars to luxury SUVs and commercial vehicles. The competitive landscape encourages fast steps in performance, range, and affordability, and EVs are increasingly becoming an option for consumers worldwide.

Recent Trends in the Electric Vehicle Component Market

An electric vehicle, driven by one or more electric motors, draws upon stored energy in rechargeable batteries. Private and public charging infrastructure allows these vehicles to be charged. The four primary types of electric vehicles include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs). Electric vehicle components are core parts that make electric vehicles operational. Major electric vehicle components include battery cells and packs, on-board chargers, motors, power control units, battery management systems, fuel cell stacks, and power conditioners. A few major players in the market include Tesla (US), BYD (China), Suzuki Motor Corporation (Japan), and BMW (Germany), among others.

Electric Vehicle Component Market Dynamics

The primary drivers for the electric vehicle and related components are the governmental initiatives for emissions reduction and efforts towards sustainable transport. More adoption of electric vehicles implies more demand for electric vehicle components. Growing prices of fossil fuels and more concern for the environment are leading consumers to EVs, thereby enhancing market growth. In addition, advancements in battery technology and development in charging infrastructure have increased the performance and accessibility of electric vehicles, which has consequently improved its appeal among consumers. Another factor is that the growing production of various types of electric models, including commercial and public transport, is raising high demand for all such electric vehicle components and boosting the market.

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End user of the Electric Vehicle Component Market

The end users of the electric vehicle component market include private and commercial fleets. The private use of electric passenger cars is on the rise, and this trend has been fueled by consumers' increased interest in the environment, cost, and new technologies that their vehicle purchases offer. The clean alternative of EVs, with zero tailpipe emissions and a much lower carbon footprint for personal transport, is an essential driver for many concerned buyers regarding climate change and air quality. Besides, EVs operate at cheaper operating costs with electricity-based fueling and lower maintenance expenses as the number of moving parts is relatively more minor. In commercial space, companies are increasingly turning to EVs to achieve cost savings, meet. It includes sustainability goals and harsher environmental regulations. Some examples of commerce industries in commercial space are logistics, public transportation, utilities, and the retail sector.

[chemicalmarketwatch-sp]

Unlocking Growth in the Battery Coating Market: A Path to Innovation and Sustainability

The Rapid Evolution of Battery Coatings

As the global demand for cleaner energy and sustainable technologies escalates, the battery coating market has emerged as a pivotal enabler of next-generation energy solutions. Battery coatings, essential for enhancing the performance, longevity, and safety of energy storage systems, are increasingly in demand across industries such as electric vehicles (EVs), consumer electronics, and renewable energy.

From ensuring the durability of lithium-ion batteries to improving thermal management and conductivity, advanced coatings are revolutionizing the way energy storage systems function. These coatings help mitigate key challenges such as overheating, degradation, and electrolyte leakage, making them critical in scaling up battery applications in modern industries.

The surge in electric vehicle (EV) adoption has further catalyzed innovation in the battery coating space. Governments and corporations globally are setting ambitious goals for net-zero emissions, driving demand for innovative, efficient, and safe battery technologies. In this context, the battery coating market is not just evolving; it is transforming industries.

Opportunities and Challenges in the Battery Coating Market

The global battery coating market is poised for exponential growth. According to MarketsandMarkets, the market is projected to expand from USD 604.7 million in 2024 to USD 1,613.6 million by 2030, registering a CAGR of 17.8% during the forecast period. Let’s explore the key factors driving this growth and the challenges the industry faces.

Market Drivers

Surge in EV and Hybrid Vehicle ProductionThe proliferation of Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), and Fuel Cell Electric Vehicles (FCEVs) has created a robust demand for advanced battery technologies. As the EV market continues to flourish, the need for high-performance coatings that ensure safety and enhance energy efficiency is skyrocketing.

Expanding Consumer Electronics and Renewable Energy StorageThe rapid growth of consumer electronics and renewable energy projects has increased the emphasis on battery reliability and efficiency. Coatings that enhance conductivity, reduce resistance, and prevent degradation are key to meeting the demands of these industries.

Market Restraints

High Costs of Advanced TechnologiesThe implementation of cutting-edge battery coating solutions comes with a steep price tag, often making it a barrier for companies aiming to adopt these technologies. This challenge calls for cost-effective innovations without compromising quality and performance.

Opportunities

Innovations in Battery MaterialsTechnological advancements in materials science are creating unprecedented opportunities for the battery coating market. From nanotechnology-based coatings to solid-state innovations, these breakthroughs promise safer, longer-lasting, and more efficient batteries. Companies investing in R&D have the potential to redefine industry standards.

Challenges

Preference for Solid ElectrolytesAs the industry increasingly transitions to solid-state batteries, which rely on solid electrolytes, the demand for traditional liquid-electrolyte-based coatings is facing competition. Adapting coating technologies to suit solid-state systems is critical for sustained growth.

Industry Players Shaping the Market

Several key players are at the forefront of innovation in the battery coating market, driving growth and shaping industry trends. These include:

Arkema (France)

Solvay (Belgium)

Asahi Kasei Corporation (Japan)

PPG Industries, Inc. (US)

SK Innovation Co. Ltd. (South Korea)

Mitsubishi Paper Mills, Ltd. (Japan)

Tanaka Chemical Corporation (Japan)

Targray (Canada)

These companies are investing heavily in research and development to create cutting-edge coating technologies that address industry challenges while capitalizing on opportunities.

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The battery coating market is a dynamic space where innovation meets necessity. As industries pivot toward sustainability, battery coatings will continue to play a critical role in enabling high-performance energy storage systems. Companies and decision-makers investing in advanced coating solutions today are poised to lead the energy transition tomorrow. Whether you are an executive exploring sustainable solutions or a professional seeking cutting-edge technologies, now is the time to align your strategies with the evolving trends of the battery coating market.

[amrutatbrc1]

Wiper Blade Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

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

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

Market Size -

The wiper blade market size has grown steadily in recent years. It will grow from $9.13 billion in 2023 to $9.56 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historical period can be attributed to a rise in automotive production, increasing vehicle demand, the use of boneless blades for cleaning car windshields, growing awareness about vehicle safety, and an increase in automotive sales.

The wiper blade market size is expected to see steady growth in the next few years. It will grow to $11.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to the increasing number of vehicles on the road, the demand for wiper blades for replacement and maintenance purposes, the increasing demand for automobiles, the growing focus on driver safety and comfort, increasing adoption of electric and hybrid vehicles. Major trends in the forecast period include rising use of the boneless blade, increasing focus on sustainability and eco-friendliness, increasing demand for high-technology wipers, the introduction of rear wipers in a new range of vehicles, and focus on producing wiper blades.

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

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

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

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

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

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

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

Market Drivers -

The expanding number of vehicles is expected to propel the growth of the wiper blade market going forward. The increasing number of vehicles is attributed to the rising population, improved economic conditions, and increased urbanization, contributing to greater demand for personal and commercial transportation solutions. Wiper blades are essential components of a vehicle's safety system, designed to clear the windshield of rain, snow, dirt, and other debris. Their primary function is to maintain clear visibility for the driver, ensuring safe driving conditions in various weather scenarios. For instance, in December 2023, the U.S. Environmental Protection Agency, a U.S.-based government agency, reported that the combined production share of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) increased from 4% in 2021 to 7% in 2022, and reached 12% by 2023. Therefore, the expanding number of vehicles is driving the growth of the wiper blades market.

Market Trends -

Major companies operating in the wiper blade market are developing eco-friendly wiper blades to reduce environmental impact significantly compared to traditional wiper blades. Eco-friendly wiper blades are rubber blades made of more than 80% natural, renewable, or recycled materials, reducing the environmental impact and carbon footprint. For instance, in September 2023, Valeo SA, a France-based automotive supplier and partner to automakers, launched Canopy. It is the first wiper blade to reduce CO2 emissions by 61%, compared to most wipers available on the European market. The canopy wiper blade has an innovative mounting mechanism requiring one pre-installed adaptor, minimizing waste from several adapters. The packaging is also environmentally sustainable, manufactured from more than 90% recycled cardboard and printed with water-based inks. This wiper blade revolutionizes wiper blade technology and environmental responsibility by combining recycled and renewable materials, minimizing waste, and lowering emissions.

The wiper blade market covered in this report is segmented –

1) By Blade Type: Conventional Blades, Flat Blades, Hybrid Blades

2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles

3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

4) By Application: Windshield Wipers, Rear Wipers

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Regional Insights -

North America was the largest region in the wiper blade market in 2023. The regions covered in the wiper blade market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -

Major companies operating in the wiper blade market are Robert Bosch GmbH, Denso Corporation, Continental AG, Michelin, Illinois Tool Works Inc., DRiV Incorporated, HELLA GmbH & Co. KGaA, OSRAM GmbH, TRICO, Doğa Grup, Xiongshun Automobile Material (Xiamen) Co. Ltd., Pilot Automotive, ACDelco, PIAA Corporation, WEXCO Industries Inc., Syndicate Wiper Systems (P) Ltd., Tex Automotive, Heyner Gmbh, PSV Wipers Limited, Cap. Co. Ltd., ANCO

Table of Contents

1. Executive Summary

2. Wiper Blade Market Report Structure

3. Wiper Blade Market Trends And Strategies

4. Wiper Blade Market – Macro Economic Scenario

5. Wiper Blade Market Size And Growth

…..

27. Wiper Blade Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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[priyanshisingh]

New Energy Vehicles Market Overview: Growth Factors and Future Trends (2023-2032)

The global demand for New Energy Vehicles was valued at USD 45,2451.2 Million in 2023 and is expected to reach USD 29,58,476.4 Million in 2032, growing at a CAGR of 23.20% between 2024 and 2032.

New energy vehicles (NEVs) are rapidly transforming the global automotive landscape, driven by the need for sustainable and environmentally friendly transportation solutions. These vehicles, which include electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles, are gaining popularity due to their ability to significantly reduce greenhouse gas emissions and reliance on fossil fuels. Governments worldwide are implementing stringent emissions regulations and offering incentives such as tax rebates, subsidies, and infrastructure development to promote the adoption of NEVs. Advances in battery technology, particularly in terms of energy density and charging speed, are enhancing the performance and appeal of electric vehicles, making them a viable alternative to traditional internal combustion engine (ICE) vehicles.

Moreover, the expanding network of charging stations and the integration of smart grid technology are addressing range anxiety and improving the convenience of owning an NEV. As consumer awareness of environmental issues increases, so does the demand for cleaner and more efficient transportation options. Major automotive manufacturers are investing heavily in research and development to bring innovative NEV models to market, catering to a growing segment of eco-conscious consumers.

New Energy Vehicles Market Key Findings of Study:

Rapid Market Growth: The NEV market is experiencing significant growth, with a substantial increase in sales year-over-year driven by rising consumer demand for environmentally friendly transportation options.

Government Support and Incentives: Various government initiatives, including subsidies, tax rebates, and stringent emission regulations, are propelling the adoption of NEVs globally.

Technological Advancements: Innovations in battery technology, such as increased energy density and faster charging capabilities, are enhancing the performance and appeal of electric vehicles.

Infrastructure Development: The expanding network of charging stations and advancements in smart grid technology are reducing range anxiety and making NEVs more convenient for consumers.

Environmental Benefits: NEVs significantly reduce greenhouse gas emissions and reliance on fossil fuels, contributing to global efforts to combat climate change and improve air quality.

Market Segmentation: The NEV market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles, each with distinct growth trajectories and technological developments.

Increasing Consumer Awareness: Growing consumer awareness of environmental issues and the benefits of NEVs is driving demand, with a notable shift towards cleaner and more efficient transportation options.

Rising Investments: Major automotive manufacturers and new entrants are investing heavily in NEV research and development, leading to a diverse range of innovative models entering the market.

Economic Impact: The NEV market is creating new economic opportunities, including job creation in manufacturing, infrastructure development, and ancillary services such as battery recycling and maintenance.

Regional Variations: The adoption rate of NEVs varies by region, with China, Europe, and North America leading the market due to supportive policies, robust infrastructure, and high consumer acceptance.

Challenges and Opportunities: While the NEV market presents significant growth opportunities, challenges such as high initial costs, battery disposal, and supply chain constraints need to be addressed for sustained growth.

Competitive Landscape: The market is highly competitive, with established automakers and new entrants vying for market share, leading to increased innovation and competitive pricing strategies.

Key Players

Toyota Kirloskar Motor (India)

Nissan (Japan)

Tesla (U.S.)

Mitsubishi Electric Corporation (Japan)

General Motors (U.S.)

Ford Motor Company (U.S.)

BMW AG (Germany)

Renault (France)

AB Volvo (Sweden)

Daimler AG (Germany)

Volkswagen (Germany)

Honda Motor Company (Japan)

Fiat Automobiles (Italy)

BYD Company Ltd (China)

CHERY (China)

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New Energy Vehicles Market Regional Insights:

China:

Market Leadership: China is the largest market for new energy vehicles, driven by strong government support, including subsidies, tax incentives, and policies favoring NEV adoption.

Infrastructure Development: The country has a well-developed charging infrastructure, with significant investments in expanding the network further.

Domestic Brands: Local manufacturers such as BYD, NIO, and Xpeng are leading the market, benefiting from supportive policies and a large consumer base.

Europe:

Regulatory Environment: Stringent emissions regulations and ambitious targets for reducing carbon footprints are major drivers of NEV adoption in Europe.

Government Incentives: Various countries offer generous incentives, including subsidies, tax breaks, and exemptions from certain taxes and fees.

Market Growth: Key markets like Germany, Norway, and the Netherlands are seeing rapid growth in NEV sales, with a strong focus on both BEVs and PHEVs.

North America:

United States: The U.S. is witnessing increasing NEV adoption, particularly in states like California, which has stringent emissions standards and robust incentives.

Infrastructure Expansion: Efforts are underway to expand the charging infrastructure, supported by both federal and state initiatives.

Market Players: Companies like Tesla dominate the market, while traditional automakers are ramping up their NEV offerings.

Asia-Pacific (excluding China):

Emerging Markets: Countries like Japan, South Korea, and India are emerging as significant players in the NEV market, with supportive government policies and growing consumer interest.

Technological Advancements: Japan and South Korea are known for their advancements in battery technology and hydrogen fuel cell vehicles, contributing to market growth.

Investment in Infrastructure: These countries are investing in charging and hydrogen refueling infrastructure to support NEV adoption.

Latin America:

Early Stages: The NEV market in Latin America is in its early stages, with Brazil and Mexico leading the way.

Government Initiatives: There are increasing government initiatives to promote NEVs, including tax incentives and infrastructure development.

Challenges: Despite growing interest, challenges such as high vehicle costs and limited charging infrastructure remain.

Middle East and Africa:

Slow Adoption: NEV adoption is relatively slow in this region, primarily due to lower consumer awareness and limited government incentives.

Potential Growth: There is potential for growth, especially in countries like the UAE and South Africa, where governments are beginning to introduce supportive policies.

Infrastructure Development: Efforts to develop charging infrastructure are underway, which will be crucial for future market expansion.

Segmentation

Electric Vehicles (EVs):

Battery Electric Vehicles (BEVs)

Plug-in Hybrid Electric Vehicles (PHEVs)

Fuel Cell Electric Vehicles (FCEVs)

Hybrid Vehicles:

Hybrid Electric Vehicles (HEVs)

Micro-Hybrid Vehicles

Full Hybrid Vehicles

Energy Source:

Battery Electric Vehicles (BEVs)

Fuel Cell Electric Vehicles (FCEVs)

Plug-in Hybrid Electric Vehicles (PHEVs)

Vehicle Type:

Passenger Cars

Commercial Vehicles

Two-Wheelers

Specialty Vehicles

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[vijukumar]

Electric Vehicle Market Value, Size, Growth, Trends, EV Industry

The global automotive landscape is undergoing a revolutionary transformation, with the rise of Electric Vehicles (EVs) emerging as a key driving force. This paradigm shift has led to a dynamic Electric Vehicle Market, reshaping the entire automotive industry. In this blog, we will explore various facets of the Electric Vehicle Market, including its industry analysis, market share, trends, challenges, growth factors, and key players.

Electric Vehicle Market Overview:

The Electric Vehicle Market has witnessed unprecedented growth in recent years, propelled by a growing awareness of environmental sustainability and advancements in technology. The global electric vehicle market size was valued at USD 384.65 billion in 2022 and is projected to grow from USD 500.48 billion in 2023 to USD 1,579.10 billion in 2030, exhibiting a CAGR of 17.8% during the forecast period. The Asia-Pacific region dominated the global EV market with a share of 50.97% in 2022. The market encompasses a spectrum of electric vehicles, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs).

Electric Vehicle Industry Analysis:

The Electric Vehicle Industry has become a focal point for both established automotive giants and innovative startups. With governments worldwide promoting sustainable mobility solutions, the industry is experiencing a surge in demand and investments. The shift towards electric mobility is not only driven by environmental concerns but also by the desire to reduce dependency on traditional fossil fuels.

Electric Vehicle Market Share:

The market share of Electric Vehicles has been steadily climbing, reflecting a changing consumer mindset. Governments incentivizing EV adoption, coupled with a growing charging infrastructure, have contributed to the increased market share. Key players are vying for a larger slice of the market, intensifying competition and fostering innovation.

Electric Vehicle Market Forecast:

The future of the Electric Vehicle Market looks promising, with robust forecasts predicting substantial growth. As battery technology improves, costs decrease, and range anxiety diminishes, more consumers are expected to make the switch to electric vehicles. The market forecast indicates a transformative period for the automotive industry.

Electric Vehicle Market Size:

The size of the Electric Vehicle Market has expanded significantly, driven by factors such as increasing consumer awareness, supportive government policies, and a surge in research and development activities. The market's size is not only a reflection of the number of electric vehicles on the road but also an indicator of the evolving ecosystem surrounding electric mobility.

Electric Vehicle Market Trends:

Several trends are shaping the Electric Vehicle Market, including advancements in battery technology, the integration of smart and connected features, and the rise of electric SUVs. Additionally, a shift towards a circular economy, where the emphasis is on recycling and sustainability, is gaining traction within the industry.

Challenges in Electric Vehicle Market:

While the Electric Vehicle Market is on an upward trajectory, it faces its set of challenges. These include concerns related to charging infrastructure, high initial costs, and the environmental impact of battery production and disposal. Addressing these challenges is crucial for the sustained growth of the Electric Vehicle Market.

Competitive Analysis Electric Vehicle Market:

The competitive landscape of the Electric Vehicle Market is evolving rapidly. Established automotive manufacturers, tech companies, and new entrants are all vying for a share of the market. Understanding the competitive dynamics is essential for companies to formulate effective strategies and stay ahead in this dynamic industry.

Electric Vehicle Business Entry Strategy:

Entering the Electric Vehicle Market requires a well-thought-out strategy. Companies need to consider factors such as market saturation, regulatory landscape, consumer preferences, and technological advancements. A carefully crafted entry strategy is crucial for success in this rapidly evolving industry.

Electric Vehicle Market Competitors:

The Electric Vehicle Market is witnessing intense competition among various players. Established automakers are facing competition from new entrants focused on electric mobility. This competition is driving innovation and compelling companies to differentiate themselves through technology, design, and sustainability.

Electric Vehicle Market Growth Factors:

Several factors are driving the growth of the Electric Vehicle Market. Government incentives, environmental consciousness, advancements in battery technology, and a growing charging infrastructure are key contributors. Understanding these growth factors is essential for stakeholders aiming to capitalize on the expanding market.

Electric Vehicle Market Revenue:

As the Electric Vehicle Market expands, revenue figures are scaling new heights. Revenue streams include not only vehicle sales but also charging infrastructure, maintenance services, and collaborations with energy providers. The diversification of revenue sources is indicative of the industry's maturation.

Emerging Players in Electric Vehicle Market:

The Electric Vehicle Market has seen the emergence of new players, often startups bringing fresh perspectives and innovative solutions. These emerging players play a crucial role in shaping the industry's future, introducing disruptive technologies and challenging established norms.

Opportunities in Electric Vehicle Market:

The Electric Vehicle Market is rife with opportunities for businesses across the value chain. From manufacturing components to developing charging infrastructure and providing software solutions, various sectors can capitalize on the growing demand for electric mobility. Identifying and seizing these opportunities is essential for sustained success.

Top Players in Electric Vehicle Market:

Several companies have established themselves as leaders in the Electric Vehicle Market. These include both traditional automotive giants that have embraced electric mobility and new entrants that have quickly gained prominence. Understanding the strategies and innovations of these top players provides valuable insights into the industry's direction.

Conclusion:

The Electric Vehicle Market is at the forefront of a transformative era in the automotive industry. With technological advancements, changing consumer preferences, and a global push towards sustainability, the electric mobility revolution is well underway. Stakeholders, from manufacturers to consumers, must navigate this dynamic landscape, adapting to trends, addressing challenges, and capitalizing on the myriad opportunities presented by the Electric Vehicle Market.

[sudeepkedar]

Vehicle-to-Grid Technology Market Trends, Analysis & Forecast, 2032

Vehicle-to-Grid Technology Market is estimated to register a CAGR of over 50% from 2024 to 2032. The rising R&D efforts for turning V2G technology more efficient, cost-effective, and scalable will influence the industry growth. Increasing advances in battery technology and energy management systems have led to the development of more robust solutions. In recent years, the focus on scaling up V2G infrastructure to accommodate a larger number of electric vehicles (EVs) has substantially amplified. The transition of commercial V2G projects from pilot programs to broader implementation will also play a pivotal role in the market expansion.

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V2G technology market share from the fuel cell vehicles (FCVs) segment is expected to exponentially expand between 2024 and 2032. FCVs help store energy in the form of hydrogen, further potentially providing additional flexibility in energy storage for V2G systems. Hydrogen fueling stations for FCVs provide fast refueling to ensure return to the road promptly after supporting the grid, proving advantageous for vehicles engaged in V2G activities. The rise in incentives for FCV adoption along with the increased V2G participation is encouraging the development of necessary infrastructure and technologies, adding to the segment growth.

The domestic application segment is expected to record considerable share of the V2G technology industry by 2032. The growth can be attributed to the increasing penetration of vehicle-to-grid technology for the development of residential microgrids as it allows homeowners to operate independently from main grid during certain periods. The technology also offers cost savings for homeowners and better grid management by allowing EV owners to charge their vehicles during off-peak hours when electricity rates are lower and discharge energy back to the grid during peak hours. Rising usage as emergency backup power sources for homes during power outages is another important trend driving the technology application outlook.

Asia Pacific vehicle-to-grid technology industry size is anticipated to reach USD 28.7 billion by the end of 2032, propelled by the rising rate of smart grid development in the region. The growing adoption of EVs mainly in China, Japan, and South Korea is enhancing the need for V2G systems to offer improved grid stability and energy management. As per IEA (International Energy Agency), the BEV sales in China surged by 60% relative to 2021 for reaching 4.4 million while the PHEV sales almost tripled to 1.5 million in 2022. The increasing government support through supportive policies, incentives, and regulations will also prove favorable for the regional market expansion.

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Some of the prominent vehicle-to-grid technology companies include ABB Ltd, AC Propulsion, Inc, Denso Corporation, Edison International, Engie Group, Groupe Renault, Hitachi Ltd, Honda Motor Co., Ltd, Mitsubishi Motors Corporation, Nissan Motor Corporation, NRG Energy Inc, Nuvve Corporation, OVO Energy Ltd, and Toyota Shokki. These industry players are working on various collaboration-based strategies to meet the rising consumer and end-user needs whilst widening their global presence. To quote an instance, in December 2022, Toyota disclosed its new partnership with Texas-based distribution electric utility frontrunner Oncor Electric Delivery for exploring the benefits of V2G EV technology for drivers and the grid.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid vehicle types

1.4.2.2    Public vehicle types

Chapter 2   Executive Summary

2.1    Vehicle-to-Grid (V2G) technology market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2024-2032

2.3    Regional trends

2.4    Component trends

2.5    Charging type trends

2.6    Vehicle type trends

2.7    Application trends

Chapter 3   Vehicle-to-Grid (V2G) Technology Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Charging infrastructure providers

3.2.2    Grid operators

3.2.3    V2G service providers

3.2.4    Technology providers

3.2.5    End users

3.3    Profit margin analysis

3.4    Technology innovation landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Supportive government regulations and financial incentives for V2 G deployment

3.8.1.2    Growing adoption of electric vehicles across the globe

3.8.1.3    Rising urbanization and industrialization

3.8.1.4   Ongoing technological advancements in V2 G technology

3.8.2    Industry pitfalls & challenges

3.8.2.1    High cost associated with upgrading existing charging infrastructure

3.8.2.2    Lack of standardized charging infrastructure

3.9    Growth potential analysis

3.10    Porter's analysis

3.11    PESTEL analysis

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[sonali2345]

"Heat Dissipation Horizons: Exploring the Future of Battery Thermal Management" 

The battery thermal management system market is poised for sales growth in the coming years, driven by the increasing demand for thermal management solutions essential for maintaining batteries within their optimal operating temperature range. These systems incorporate various technologies, including thermoelectric, forced air, and liquid cooling, where liquid coolants indirectly dissipate heat generated during battery operation. Battery management systems (BMS) enable users to monitor and regulate individual cells within a battery pack, ensuring their protection, longevity, and safe operation. Efficiency, reliability, and safety are all contingent on effective battery management, especially to maximize performance in diverse operating conditions. The temperature of the battery significantly influences its charge and discharge capacity, which in turn impacts its lifespan. As the number of battery-powered vehicles increases, manufacturers are compelled to develop advanced heat management solutions for batteries. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-toc-and-sample/16145  

Impact of COVID-19: 

The COVID-19 pandemic had a negative impact on the battery thermal management system market. It disrupted the supply chain, hindered raw material procurement, and led to the shutdown of industries to prevent virus spread, affecting battery manufacturing and demand. The automobile sector, a major consumer of batteries, was severely impacted by the pandemic, leading to reduced market growth. However, as lockdown restrictions eased and demand from the automotive sector increased, the market is expected to rebound. 

Key Influencing Factors: 

The rapid growth in electric vehicle adoption, driven by government incentives, environmental awareness, stringent emission regulations, global efforts to reduce pollution from the transportation sector, and advancements in electric vehicle technology, fuels the demand for electric vehicles worldwide. This, in turn, drives the need for battery thermal management systems. 

Market Trends: 

In recent developments, companies like Robert Bosch GmbH, Gentherm, and Valeo have introduced innovative solutions to enhance battery management and extend battery life in electric vehicles.  

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/16145  

These solutions include cloud-connected battery management software, thermoelectric battery thermal management systems, and advanced thermal management solutions that improve battery life and performance. 

Key Benefits of the Report: 

This report provides an analytical overview of the battery thermal management system market, offering insights into current trends and future investment opportunities. It delves into key drivers, constraints, and opportunities, along with a detailed analysis of market share. The report quantitatively analyzes the market from 2020 to 2030, utilizes Porter's five forces analysis to assess buyer and supplier power, and provides a comprehensive analysis of the market's competitive landscape. 

𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ : https://www.alliedmarketresearch.com/request-for-customization/16145  

Battery Thermal Management System Market Report Highlights: 

Types: Liquid Cooling & Heating, Air Cooling & Heating 

Applications: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) 

Battery Types: Solid-State Battery, Conventional Battery 

Regions: North America, Europe, Asia-Pacific, LAMEA 

Key Market Players: GENTHERM Incorporated, Grayson, Voss Automotive GmbH, 3M, Robert Bosch GmbH, Hanon Systems, Polymer Science, Inc, Mahle GmbH, Valeo, Dana Incorporated 

[chemicalmarketwatch-sp]

Revolutionizing the Rubber Realm: A Deep Dive into the Thriving EPDM Market Landscape

In the ever-evolving landscape of the global market, the Ethylene Propylene Diene Monomer (EPDM) industry is poised for significant growth. According to the latest report, the EPDM Market is estimated to be USD 3.6 billion in 2022 and is projected to reach USD 4.8 billion by 2027, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2022 to 2027.

EPDM Market Overview

EPDM, a versatile synthetic rubber, finds its applications across diverse sectors, including Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables, and Lubricant Additives. Automotive, in particular, emerges as the major driver of the EPDM market, contributing significantly to its growth. As the automotive sector experiences a robust recovery in the Asia-Pacific (APAC) region, the demand for EPDM is expected to surge.

Key Insights and Opportunities

The automotive application holds the largest share in the EPDM market, with China playing a pivotal role. The country's focus on developing new energy vehicles (NEVs), encompassing Fuel Cell Electric Vehicles (FCVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs), is a key catalyst for the increased usage of EPDM in the automotive industry. According to the China Association of Automobile Manufacturers (CAAM), the total production of cars in 2021 witnessed a 3% year-on-year increase.

Additionally, the growing demand for electric and hybrid vehicles presents new opportunities in the EPDM market. The development of eco-friendly technologies for EPDM production aligns with the global shift towards sustainable practices in the automotive sector.

Manufacturing Processes and Market Dynamics

EPDM can be manufactured through various processes, and the Solution Polymerization Process currently dominates the market. This process is highly versatile, allowing for the production of a wide range of polymers. Polymerization and catalyst technologies play a crucial role in tailoring EPDM to meet specific application and processing needs.

Regional Market Dynamics

The Asia-Pacific region emerged as the frontrunner in the global EPDM market in 2021, with China being a key player in both production and consumption. The region's dominance is attributed to the concentration of EPDM producers and the flourishing automotive and construction sectors. New construction projects and sustained growth in the automotive industry are propelling the EPDM market in Asia Pacific.

Industry Players and Strategies

Leading players in the EPDM market include ARLANXEO, DOW Inc., Exxon Mobil Corporation, JSR Corporation (Kumho Polychem Co. Ltd.), PetroChina Company Limited, Versalis S.p. A., SK Global Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., and Mitsui Chemicals, Inc. These industry giants are actively shaping the market through strategic initiatives, ensuring competitiveness and sustainability.

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Navigating the Future

As the EPDM market continues to evolve, keeping an eye on ethylene propylene diene monomer prices, EPDM market trends, and the EPDM price trend for 2023 will be critical. Stakeholders should remain vigilant about the dynamic market forces, ensuring they are well-positioned to capitalize on emerging opportunities and navigate challenges.

The EPDM market's growth trajectory is marked by resilience and adaptability, making it a key player in the global rubber market. Stay tuned for more updates on the EPDM market, where innovation meets opportunity in this dynamic industry landscape.

[ellinapark]

Electric Heavy Vehicle Market to Scale New Heights as Market Players Focus on Innovations 2023 – 2028

The Latest Released market study on Global Electric Heavy Vehicle market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Electric Heavy Vehicle market. What’s keeping:

BYD Auto Co. Ltd. (China)

Proterra Inc. (United States)

Daimler Trucks (Germany)

Groupe Renault (France)

AB Volvo. (Sweden)

Daimler AG. (Germany)

Tata Motors Limited (Mumbai)

Tesla Inc. (United States)

Traton SE. (Germany)

jbm auto (India) Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Electric Heavy Vehicle market recently published by AMA The electric heavy vehicles are powered by a battery pack and utilized for cargo transportation are known as electric heavy vehicles. Furthermore, compared to diesel trucks, electric trucks have fewer moving parts and do not require multi-speed gearboxes, which lowers vehicle maintenance costs and enhances reliability while emitting nearly no noise. Additionally, Government’s attempts to promote electric heavy vehicle adoption and its incredible advantages such as low noise pollution and lower maintenance costs are making electric heavy vehicles the preferred choice over diesel vehicles. In Feb 2021, Tesla Inc. sold 56,515 china made vehicles, including 33,315 for export.

The Electric Heavy Vehicle Market segments and Market Data Break Down by Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), Hydrogen Electric Vehicle (Fuel Cell)), Application (Refuse Services, Logistics, Industrial, Others), Battery Capacity (Less Than 150 Kwh, 150-250 Kwh, Above 250 Kwh)

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. Market Challenges: Electric Heavy Vehicles Are Hindered By High Initial Costs And Battery Concerns Market Opportunities: Development of Self-Driving Heavy Vehicle Truck Technology

Highlights of Influencing Drivers: Reduction In Battery Costs Will Make Electric Heavy Vehicle More Affordable

Increase in Government Initiatives for Promotion of E-Mobility

Rising Price of Petroleum

Presented By

AMA Research & Media LLP

[sueheaven]

Electric Trucks market Unidentified Segments – The Biggest Opportunity Of 2023

Latest business intelligence report released on Global Electric Trucks Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Electric Trucks market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Dongfeng Motor Corporation (China)

Foton Motor Inc. (China)

Daimler AG (China)

AB Volvo (Sweden)

FAW Group Co., Ltd. (China)

China National Heavy-Duty Truck Group Co., Ltd., (China)

PACCAR Inc. (United States)

Navistar, Inc. (United States)

Isuzu Motors Ltd (Japan)

BYD Auto Co., Ltd. (China)

BAIC (China) The electric truck is a commercial vehicle which is channeled or powered through electricity. These Electric trucks are a commonly preferred alternate for fuel-based commercial vehicles, cost-effective and less polluting in nature. These trucks are majorly used in logistic services, trading, and others. Rising demand and need for smart transport and smart automobiles around the different parts of the world will further boost the market growth for the electric trucks.

Key Market Trends: Adoption of Electric Trucks for Urban Logistics Opportunities: Growing Demand for Longer Electric Truck Range

Government Support for Electric Commercial Vehicles

Growing Needs for Electric Trucks in both Developed and Developing Countries

Market Growth Drivers: Need for Fuel-Efficient and Emission-Free Vehicles

Need for Heavy Trucks for Import and Export Purposes

Challenges: Issues with Recharging the Batteries Again And Again

Limited Battery Power in Electrical Trucks

The Global Electric Trucks Market segments and Market Data Break Down by Type (Light & Medium-duty Truck, Heavy-duty Truck), Application (Logistics, Municipal), Component Type (12v Battery, High Voltage Battery, Dc/Ac Inverter, Dc/Dc Converter, Dc/Dc Boost Converter, E-Motor, Ac/Dc Charger, Motor Controller), Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Battery Type (Lead Acid Battery, Lithium-Ion Battery, Nickel-Based Battery)

Presented By

AMA Research & Media LLP

[factmrblog]

Exploring the Future Trends in the Lithium Battery Pack Space 2021–2031

Lithium battery packs are powerful rechargeable battery systems composed of several Li-ion cells. Lithium-ion batteries have emerged as the preferred chemistry for powering electric vehicles, consumer electronics, and industrial applications. During the 2021-2031 decade, the Lithium Battery Pack market is projected to grow significantly. The demand for lithium-ion battery packs is primarily driven by their high energy density and relatively long lifespan compared to other battery technologies such as lead-acid and nickel-cadmium.

The market for lithium-ion battery packs is projected to expand significantly during the 2021-2031 decade, driven by rising consumer demand for electronic devices, such as laptops, smartphones, wearables, and electric vehicles. The increasing demand for electric vehicles is also expected to drive the demand for lithium-ion battery packs over the forecast period. Furthermore, the increasing demand for renewable energy storage solutions and improved performance in residential and commercial applications is likely to fuel the growth of the lithium-ion battery pack market.

Download Sample Copy of This Report:

Key Companies Profiled

Panasonic Corporation

2. BYD Company Limited

3. Samsung SDI Co., Ltd.

4. LG Chem Ltd.

5. Ultralife Corporation

6. A123 Systems LLC.

7. Johnson Controls, Inc.

8. Exide Technologies

9. Farasis Energy, Inc.

10. Hitachi Chemical Co., Ltd.

Competitive Landscape

Prominent manufacturers are emphasizing on launching advanced battery packs equipped with high-grade conducting material, besides relying on such initiatives as strategic collaborations, acquisitions and capacity expansion measures.

In March 2021, GS Yuasa International Limited won the Toyota Technology and Development award for lithium-ion battery for hybrid vehicles.

In November 2018, Johnson Controls and Toshiba Corporation joined hands to deliver low-voltage lithium-ion solutions to increase the efficiency of the same.

In December 2019, LG Chem Ltd., a leading li ion battery pack player, collaborated with General Motors (GM) to produce li ion batteries for its electric vehicles.

Key Segments Covered

Product Type

Lithium Cobalt Oxide Battery Pack

Lithium Magnesium Oxide Battery Pack

Lithium Iron Phosphate Battery Pack

Lithium Nickle Manganese Cobalt Oxide Battery Pack

Lithium Nickle Cobalt Aluminium Oxide Battery Pack

Lithium Titanate Battery Pack

Cell Type

Cylindrical

Prismatic

Pouch

Nominal Voltage

Less than 12V

12V

24V

More than 24V

Battery Capacity

>20 kWh

30-60 kWh

60-80 kWh

More than 80 kWh

End Use

Automotive Li-Ion Battery Pack

BEV

PHEV

HEV

Consumer Electronics Li-Ion Battery Pack

Laptops

Digital Camera

AIDC

Others

Medical Devices

Industrial & Grid Energy

Get Full Access of Complete Report:

Questionnaire answered in the Market outlook Report of Li-ion battery market include:

What is the key strategy deployed by large players to maximize Li-ion battery market growth?

What are the main challenges faced by players in the Li-ion battery market Demand?

With the advent of technological advancement, how will the Li-ion battery market landscape change over the forecast period?

What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Li-ion battery market size?

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[fortunebusiness]

Commercial Vehicle Market  Trends and Demand Analysis to 2027 | Future Scope, Price Structure, Industry Share and Forecast to 2027 by Fortune Business Insights™

Commercial Vehicle Market size is projected to reach USD 621.1 billion by the end of 2027. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Commercial Vehicle Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses & Coaches), By Power Source (Gasoline, Diesel, HEV / PHEV, Battery Electric Vehicle (BEV), Fuel Cell Vehicle) and Regional Forecast, 2020-2027” the market was worth USD 748.6 billion in 2019 and will exhibit a CAGR of 2.3% during the forecast period 2020-2027.

A commercial vehicle is used for transportation of goods or to carry passengers. Accounting to the rising daily commute rate and increasing long-distance transportation and trade activities, there is a massive demand for commercial type of vehicles across the world. The presence of several large scale companies in several countries across the world has resulted in healthy market competition. Thus, SMEs are finding it difficult to operate seamlessly. As large scale companies hold the privilege to acquire smaller companies as well as other large scale companies, SMEs look to implement newer strategies that will help them attract a wider consumer base. Although the market looks set to perform well in the long run, there surely are a few short term hurdles, mainly due to the pandemic.

 Decline in Product Sales to have a Severe Impact on Market Growth during the Covid-19 Pandemic

The recent coronavirus outbreak has had a negative impact on several businesses across the world. With unified efforts taken to curb the spread of the disease, businesses across the world have been compelled to shut down. The measures taken to minimize the impact of the disease will ultimately affect several manufacturing units, with strict measures forcing people to stay indoors. The commercial vehicle sector is among the few industries that have been hit the most among all industries during the Coovid-19 pandemic. With social distancing practices implemented across the world, commercial vehicle businesses have dramatically gone down and it will be a while until we may see newer variants at a similar pace to that in the past few years.

 Company Mergers are an Increasing Trend Among Major Companies in the Global Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, as well as collaborations, has made the highest impact on the growth of the market. Accounting to increasing market competition, it is observed that major companies are benefiting from collaborations and joint ventures. In July 2019, Daimler announced that it has entered into a strategic partnership with BMW for developing new technology for automatic parking as well as a driver assistance system on highways. This partnership will also help the companies to achieve a higher level of automation in urban centers. The increasing number of company mergers and acquisitions will have a massive impact on the growth of the global market in the coming years.

 North America to Emerge Dominant; Increasing Production of Commercial Vehicles will Bode well for Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in this region will have a direct impact on the growth of the regional market. The increasing adoption of these vehicles is attributable to the increasing application of the product across diverse industries. As of 2019, the market in North America was worth USD 332.9 billion and this value is projected to rise at a considerable pace in the coming years. The market in Asia Pacific will derive growth from the rising population and the use of commercial vehicles as a medium for the daily commute.

 List of the Leading Companies Profiled in the Global Commercial Vehicle Market are:

Daimler AG (Stuttgart, Germany)

PACCAR Inc. (Washington, United States)

Hino (Tokyo, Japan)

SCANIA (Södertälje, Sweden)

Tata Motors (Mumbai, India)

Navistar International Corp (Illinois, United States)

BYD Auto Co., Ltd. (Shenzhen, China)

AB Volvo (Gothenburg, Sweden)

Toyota Motor Corporation (Toyota, Aichi, Japan)

Proterra, Inc. (California, United States)

 Industry Developments:

April 2020: The Volvo Group and Daimler Truck AG announced that they have formed a new joint venture. This collaboration is aimed at the development and production of commercializing advanced fuel cell systems for heavy commercial vehicle applications.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/commercial-vehicle-market-104284

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

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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[marketresearch-reports]

Electric Truck Market: Future Challenges and Industry Growth Outlook 2020-2027

Electric Truck Market by Propulsion [Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel-Cell Electric Vehicle (FCEV), Vehicle Type (Light Truck, Medium-Duty Truck, and Heavy-Duty Truck), Application (Logistics, Municipal, Construction, Mining, and Others) : Global Opportunity Analysis and Industry Forecast 2020–2027.

The global electric truck market is experiencing a significant growth, and will grow considerably in next few years. Electric truck is an electric vehicle which is operated on electric power supply through batteries to provide cargos. From past hundred years, electric trucks have been used in niche application, but more recently, the arrival of lithium ion batteries helped to enable the travelling capacity of electric trucks to travel up to several hundred miles. Electric trucks are preferred in various industries and applications owing to its features including no local pollution and low running costs. However, electric trucks are heavier than the tradition diesel trucks.

The electric trucks requires recharging its battery after a travelling of particular distance owing to the less energy density of the lithium batteries used in this trucks which is responsible to cause delay and vehicle swapping. Innovations in the electric truck industry pave the way for improved and better transportation than other types of trucks, which have petrol and diesel engine.

Download Report Sample (PDF with Insights, Charts, Tables, Figures) @

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The global electric truck market is segmented into propulsion, vehicle type, application, and region. Based on propulsion, the market is further segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and    fuel-cell electric vehicle (FCEV). In terms of vehicle type, the market is sub-divided into light truck, medium-duty truck, and heavy-duty truck. Based on application, the market is bifurcated further into logistics, municipal,     construction, mining, and others. Geographically, the global market is divided across North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players of the electric truck industry analyzed in the research include Hino Motors, Dongfeng Motor Corporation, PACCAR Inc., Daimler (Mitsubishi Fuso), Navistar International Corporation, Isuzu, BYD Auto Co. Ltd, Renault Trucks, Zenith Motors, Smith Electric Vehicles, Tesla Inc.. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

Interested to Procure The Data? Inquire here @

https://www.alliedmarketresearch.com/purchase-enquiry/6548

Top impacting factors:

Surge in demand for electric truck in the transport and construction sector due to its low running cost &l ow maintenance and the government incentives for the purchase of these vehicles are the factors that drive the global market. However, the high price of lithium batteries used in this truck may hinder the market growth. Contrarily, research and development (R&D) activities regarding battery technology along with partnerships with motor and battery technology providers to enhance energy density and improve battery life present new pathways in the industry. The global electric truck market trends are as follows:

Low operating and maintenance cost of an electric truck

The operating cost of trucks which operated with fuel such as diesel and petrol is high due to the rising price of the crude oil. In case of electric trucks, the operating cost is almost one-fourth of the fuel cost, and the mileage is also double in comparison with normal trucks. Moreover, there is no emission of gases that are harmful for the environment as these trucks are not operating on petrol and diesel.    In February 2020, Tata Motors has launched Ultra T.7 Electric - India's first intermediate commercial electric truck which can be fully charged in two hours with high speed DCfast charger.

Innovation in the electric truck industry

The electric trucks are the best substitute for the regular trucks as these trucks are operated without emission of harmful gases. However, these trucks are not capable of the long distance transportation. The capacity of the batteries used in this truck is not sufficient for the long distance transportation. The innovation in the battery technology toward improving energy density and increasing battery life coupled with the reduction in the battery price also act as an opportunity for the global electric truck market.

In March 2020, Tesla has launched batteries with cathodes made from lithium iron phosphate for its Model 3s. These new batteries will provide higher charge & discharge rates and longer life times than conventional lithium-ion cells. 

Key benefits of the report:

 This study presents the analytical depiction of the global electric truck industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electric truck market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the global electric truck market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global electric truck market analysis based on competitive intensity and how the competition will take shape in coming years. 

Major  players analyzed include Hino Motors, Dongfeng Motor Corporation, PACCAR  Inc., Daimler (Mitsubishi Fuso), Navistar International Corporation, Isuzu,  BYD Auto Co. Ltd, Renault Trucks, Zenith Motors, Smith Electric Vehicles,  Tesla Inc..

 Questions answered in the electric truck Market research report:

What are the     leading market players active in the market?

What the     current trends will influence the electric truck market in the next few     years?

What are the     driving factors, restraints, and opportunities in the electric truck     market?

What are the     projections for the future that would help in taking further strategic     steps?

Browse Complete Report & TOC 

@  https://www.alliedmarketresearch.com/electric-truck-market-A06183

[techsciresearch]

Global Automotive Battery Management System Market to Grow at 13.33% CAGR by 2027

Increasing adoption of all types of electric vehicles drives the global automotive battery management system market through 2027.

According to TechSci Research report, “Automotive Battery Management System Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”, the Global automotive battery management system market is anticipated to reach USD 9,615.26 million at a CAGR of 13.33% by 2027 because of rapidly expanding electric vehicle sales and advancements in technology to improve battery management system performance. The primary function of a battery management system (BMS) includes safety, performance stability, health monitoring, and communication. Factors such as the rise in adoption of all types of electric vehicles, partnerships, and technological development increase demand for electric vehicles, further increasing the global automotive battery management system market. To keep a record of the State of Charge (SoC) and State of Health (SoH), the automobile battery management system connects with various parts of the powertrain. It is one of the crucial components of the electric car powertrain and contributes to battery thermal protection, cell balancing, and charging regulation. Many companies in the market are focusing on investing in research and development of BMS technologies to make them more efficient and cost- effective.

Due to the rise in demand for electric vehicles in the market, automotive battery management systems market is expected to grow significantly in upcoming years. Currently, China has the largest market share due to the faster adoption of electric vehicles. Automotive BMS is an essential part of battery monitoring system which ensures its safety and efficiency. However, the COVID-19 pandemic impacted vehicle assembly plants in multiple countries because of import bans put in place by several countries on components from China. According to figures on worldwide automobile manufacturing, 2021 had a 13% decline from 2019. Electric car production and penetration are rising in the Asia Pacific and Europe as a result of the surge in demand and environmental awareness, despite supply chain disruption and auto component shortages.

In vehicle type, the medium & heavy commercial vehicle segment is expected to grow at a CAGR of 16.73%, followed by light commercial vehicle segment, which is expected to grow at a CAGR of 15.20%, and passenger cars by 14.24%. In terms of propulsion type, the global automotive battery management system market is segmented into BEV, PHEV, and HEV. Battery electric vehicles account for more than 57% of the overall market share, followed by hybrid electric vehicles, due to their high sales volume.

Browse more than 130 market data Figures spread through 110 Pages and an in-depth TOC on "Global Automotive Battery Management System Market "

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The global automotive battery management system market can be segmented based on  vehicle type, battery type,  type,  voltage capacity, propulsion type, region, and  company. Based on vehicle type, passenger cars currently hold the majority of the market share, followed by two-wheeler, light commercial vehicles, and medium & heavy commercial vehicles respectively. Based on battery type, the lithium-ion segment holds the majority of the market share, followed by lead acid. Based on type, the centralized battery management system captures more market share, but a decentralized battery management system shows a higher growth rate in the forecast period. Based on voltage capacity, two-wheelers and passenger cars with low voltage dominate the electric vehicle sales capturing nearly 56% in 2021 of the global automotive battery management system market. On the basis of propulsion type, BEV led the market with more than 53% market share in 2021, followed by HEV and then the PHEV segment.

“In 2021, Asia-Pacific region accounted for the largest market share i.e., 60.43% in the global automotive battery management system market. The APAC region is expected to maintain its dominance over the next five years with a market share of 53.36% in the forecast year 2027. European region is growing at CAGR of 17.81% to capture nearly 37% of overall market in 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Some of the major companies operating in the Global Automotive Battery Management System Market include:

Robert Bosch GmbH

SAMSUNG SDI

Renesas Electronics Corporation

LG Chem Energy Solutions

BYD Co. Ltd.

Denso Corporation

Contemporary Amperex Technology Co. Ltd (Catl)

Panasonic Holdings Corporation

Johnson Matthey Battery Systems

SK Innovation

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

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“The global automotive battery management system market appears to be one of the fastest growing markets in the electric vehicle industry. With more than 60% of the market, passenger vehicles hold the largest share of the worldwide automotive battery management system market and are anticipated to maintain their dominance during the projected period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Battery Management System Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of global automotive battery management system market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive battery management system market.

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