Automotive Microcontrollers Market Key Manufacturers, Development Trends and Competitive Analysis 2022

The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end.

Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles – A Major Trend

One of the major trends witnessed in the global market for automotive microcontrollers is utilisation of microchips for improving connectivity of vehicles with their moving systems, and for enhancing the vehicle’s flexibility. Automobile manufacturers have utilised microcontrollers for a variety of requirements such as engine control, antilock brakes, power steering, and seating. An automotive microcontroller helps in increasing speed of execution, enables automatic control sensing, and enhances safety features including air bag control and high temperature control. Currently, they are being used in sophisticated safety features, which include blind spot detection, automated braking & lighting, surround view cameras, lane change warning, and advanced driver assistance systems (ADAS).

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Microcontrollers are also being deployed in infotainment systems, and provide connectivity to vehicle network. Popularity of hybrid electric vehicles has witnessed a surge owing to their energy efficiency. Hybrid electric vehicles need comparatively large number of microcontrollers than conventional vehicles. With modernisation of vehicles, number of microcontrollers required for vehicles has increased. Although cost of microcontrollers has remained lower over the recent past, the tags for microcontrollers are expected to witness a gradual rise over the next few years. This is expected to lead to an increased cost of vehicles. Moreover, integration of microcontroller has always remained a challenging task for automobile manufacturers, on the back of their complex design.

Key Research Findings from FMI’s Report on Global Automotive Microcontrollers Market

  • In terms of revenues, although North America is expected to remain largest market for microcontrollers in 2017, Asia-Pacific excluding Japan (APEJ) will be the most lucrative region for automotive microcontrollers market by 2022-end. The convergence of transportation, automotive, and ICT sectors has increased demand for technologically advanced vehicles in APEJ, further resulting into advent of advanced vehicle ecosystem. The already imposed and impending safety regulations are expected to spur installation of the automotive safety technologies in vehicles across APEJ. In addition, introduction of driving assistance technologies has incentivised OEMs for opting efficient microcontrollers.
  • In terms of revenues, heavy commercial vehicles are expected to remain the most attractive in the market, based on vehicle type. In addition, premium passenger cars will also remain a lucrative vehicle type segment in the market over the forecast period. This is primarily attributed to rise in installation of advanced safety features in premium passenger cars, particularly across developed economies. Moreover, safety regulations and mandates have compelled OEMs to produce premium passenger cars featuring advanced technologies, thereby propelling demand for microcontrollers.
  • On the basis of application, sales of automotive microcontrollers in ADAS and functional safety technology are expected to register similar CAGRs through 2022. ADAS application of automotive microcontrollers will remain comparatively more lucrative than functional safety technology. Brake control system will continue to be the most lucrative application of automotive microcontrollers.
  • By material type, sales of copper alloy for automotive microcontrollers are expected to exhibit the highest CAGR through 2022. Tinned steel will remain sought-after among materials in the global automotive microcontrollers market, with sales estimated to reach approximately US$ 600 Mn by 2022-end.

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Market Taxonomy

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Material Type

  • Tinned Steel
  • Nickel-Cobalt Ferrous Alloy
  • Copper Alloy

Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric vehicle

Application

  • Advanced Driver Assistance System
  • Parking Assist System
  • Brake control system
  • Electric Control Suspension
  • Airbags
  • Functional Safety Technology
  • Transmission Control
  • Start-Stop System
  • Electronic Power Steering System
  • Others

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FMI’s report has profiled key players, who are actively contributing to growth of the global automotive microcontrollers market, which include Toshiba Corporation, Infineon Technologies, Maxim Integrated Products, Inc., Fujitsu Limited, Silicon Labs Private Limited, Renesas Electronics Corporation, Microchip Technology Inc., STMicroelectronics NV, NXP Semiconductors NV, and Texas Instruments Incorporated.

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Auto Ventilated Seats Market Size, Analysis, Top Players, Target Audience and Forecast to 2027

In the recent years, automobile market has grown significantly in terms of sales, with considerable growth in the luxury cars segment. This is one of the reasons why the global auto ventilated seats market is also expected to witness gradual growth during the forecast period. This growth is attributed to increasing demand for luxury cars, increasing disposable incomes, and technological advancements in seat ventilation feature to be offered with mid-size and economy cars. According to the newly published report published by Future Market Insights, “Auto Ventilated Seats Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” the global auto ventilated seats market is expected increase from US$ 5,931.50 Mn in 2017 to US$ 10.63 Bn by 2027 end, representing a CAGR of 6.2% from 2017 to 2027. This increasing revenue growth is attributed to continuous adoption of seat comfort features, and increasing number of luxury cars throughout the globe. Moreover, increase in the number of aftermarket providers is also supporting the growth of this market.

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Global Auto Ventilated Seats Market: Drivers

The global market for auto ventilated seats is witnessing growth due to high adoption of seat comfort features across all categories of passenger cars.

  • Increasing focus on comfort-driven experience and rising demand for transport
  • Increasing vehicle population and enhanced driving performance
  • Manufacturers focusing on manufacturing noise free auto ventilated seats
  • Preference of ventilated seats due to risk of injuries due to heated seats
  • High demand for comfortable transportation modes
  • New technologies and upgrading material supplied by automotive manufacturers

Global Auto Ventilated Seats Market: Forecast by End User

This segment includes two segments such as OEM and Aftermarket. OEMs segment is anticipated to witness high market attractiveness index over the forecast period. In terms of value, OEMs segment is projected to be the most attractive in the global auto ventilated seats market during the forecast period. In 2017, OEMs segment is estimated to be valued at US$ 4,755.30 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Auto Ventilated Seats Market: Forecast by Fan Type

On the basis of fan type, global auto ventilated seats market segmented into radial fans and axial fans. In terms of value, axial fans segment is projected to be the most attractive in the global Auto Ventilated Seats market during the forecast period. Axial fans segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 6.4% during the forecast period. In 2027, radial fan segment is estimated to be valued at US$ 5,328.0 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global Auto Ventilated Seats Market: Forecast by Vehicle Type

On the basis of vehicle type, global auto ventilated seats market is segmented into economy cars, mid-size cars, and luxury cars. Mid-size cars segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.58% during the forecast period.

Global Auto Ventilated Seats Market: Forecast by Region

Seven regions have been covered in this report – North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. North America is projected to be the most attractive market in the global Auto Ventilated Seats market during the forecast period. APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this market is expected to expand at a CAGR of 9.46% during the forecast period. In 2017, North America market is estimated to be valued at US$ 1,808.92 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Key market segments covered in this report

Vehicle Type

  • Economy Cars
  • Mid-size Cars
  • Luxury Cars

End User

  • OEMs
  • Aftermarket

Fan Type

  • Axial Fan
  • Radial Fan

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Global Auto Ventilated Seats Market: Key Players

Adient PLC, Bharat Seats Limited, Brose Fahrzeugteile GmbH & Co. KG, Continental A.G., Delta Kogyo Co., Ltd., DURA Automotive Systems, LLC., ebm-papst Mulfingen GmbH & Co. KG, Faurecia SA, Gentherm Incorporated, I.G. Bauerhin GmbH, Kia Motors America, Inc., Laird, PLC, Lear Corporation, Magna International, Inc., NHK Seatings of America, Inc., Sitech Sitztechnik GmbH, TACHI-S CO., LTD., Toyota Boshoku Corporation, TS Tech CO., LTD., and Woodbridge Foam Corporation are some of the competitive landscapes in the global auto ventilated seat market.

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Sleeper Pads Market Is Likely To Reach US$ 73.50 Bn By 2032, FMI

The sleeper pads market is likely to record a strong CAGR of 7.1% during the forecast period. The sleeper pads market is currently valued at US$ 68.63 Bn in 2022 and is likely to reach US$ 73.50 Bn by 2032.

Sleeper pads are customized resilient systems designed to improve the quality of the track by reducing track maintenance and to provide mitigation of vibrations by fixing elastic elements at bottom of the sleepers. Sleeper pads preserve the ballast under the tracks and improve stability. The lines having high axle loads and high speed rail lines as well as standard gauge lines can be equipped with sleeper pads. The installation of sleeper pads enables the train’s movement in safe and comfortable manner by reducing abrasion and friction.

The installation of sleeper beds slow down this process by distribution of axle loads over number of sleepers, increasing the contact surface between surface and ballast, weakening the dynamic vibrations in the ballast. In the recent times, the improvements in train suspension system compelled to reduce extraneous vibrations and increase stability and ride comfort. This in turn is expected to drive the sleeper pads market during the forecast period.

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The sleeper pads can also be attached to sleepers at post production stage such as repairing and retrofitting. The ballast structure is commonly used for track bed. Constant loads causes ballast compression resulting into wear and breaking up of the rocks. These effects reduce the quality of the track geometry.

Sleeper Pads Market: Dynamics

To muster the needs of better transport infrastructure and urbanization, advanced transportation systems are being developed across the world. This has instilled the use of high speed railways. However the high speed railway cars can cause substantial vibrations, which can reduce ride quality and cause adverse stability. Furthermore, technological advancements in railways concerning power enhancement and speed require effective vibration reaction and efficient suspension. Owing to the ability of sleeper pads to avail suspension even at high speed and high load conditions, the demand for Sleeper Pads is projected to witness substantial growth all across the globe.

The government authorities of various countries are pivoting on strengthening their networks by investing in expanding railway network in order to meet transportation demand. This is estimated to impact the sleeper pads market positively over the forecast timeline. The freight based rail locomotives are subject to mechanical stress due to heavy loads hence require installation and periodic replacement of sleeper pads.

Owing to periodic replacement and retrofitting of existing grids in the rail networks, the aftermarket sales channel of sleeper pads is estimated to project significant opportunities in the global market. Attributing to this, sleeper pads market is expected to witness healthy growth during the forecast period. Whereas, there are some factors curtailing the growth rate in global sleeper pads market such as high installation cost and difficulty for installations in existing grids. However, the current trend for deployment of better technology for improvement in results will contribute towards the growth of global sleeper pads market over the forecast period.

Sleeper Pads Market: Regional Outlook

Rapid developments in the rolling stock industry is prompted a wave of strategic flourishing in the global sleeper pad market over the coming years. In the emerging economies such as China, government are focused to sprawling railway network for high speed trains is aid to boom the sales of sleeper pads market over the coming decades. Western Europe and North America are expected to dominate the sleeper pads market owing to these region are projected to account leading share in the global rolling stock industry.

Furthermore, the introduction of new projects in these regions is also expected to surge the sleeper pads in coming years. Asia pacific region is projected to create lucrative growth in the sleeper pads market, owing to rising railway passenger density over the span of coming years.  Middle East & Africa is estimated to account for relatively smaller share in the global sleeper pads market owing to inadequacy in the production of railway components over the forecast period.

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Sleeper Pads Market: Key Players

  • Sea to Summit
  • Therm-a-Rest
  • REI
  • KLYMIT
  • Nemo Equipment
  • Exped
  • Decathlon
  • Outdoor gear lab
  • Mammut
  • Alpinizmo
  • Getzner

The research report presents a comprehensive assessment of the Sleeper pads market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the Sleeper pads market segments such as geographies, product type, and application.

The report covers exhaustive analysis on:

  • Sleeper pads Market Segments
  • Sleeper pads Market Dynamics
  • Sleeper pads Market Size
  • Sleeper pads Supply & Demand
  • Sleeper pads Current Trends/Issues/Challenges
  • Sleeper pads Competition & Companies involved
  • Sleeper pads Technology
  • Sleeper pads Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Sleeper pads market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The global Sleeper pads market report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The global Sleeper pads market report also maps the qualitative impact of various market factors on market segments and geographies.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Marine Boiler Burner Market Is Anticipated To Reach A Market Share Of US$ 6.85 Bn In 2032

The marine boiler burner market is likely to register a CAGR of 5.2% during the forecast period, and is anticipated to reach a market share of US$ 6.85 Bn in 2032 from US$ 3.73 Bn in 2020, owing to the increasing automation in boiler fuel burning technology, such as artificial intelligence (AI).

Marine boiler burner is a part of engine combustion system, installed at the front portion of marine boiler. Double block burner is more efficient as compared to single block burner owing to these burners are made for clean combustion. In marine the fuel is stored in double-bottom tanks from which it is drawn by a transfer pump up to settling tanks. Major components of marine boiler burner are motor, fan, pump, wires, among other.

Increasing automation in boiler fuel burning technology such as artificial intelligence (AI), machine learning, big data, and Internet of Things (IoT) technology is making more eco-friendly marine boiler burner which is augmented to fillip the overall value & volume of marine boiler burner sales in the next coming couple of years.

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This Marine Boiler Burner market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Marine Boiler Burner market.

Marine Boiler Burner Market: Dynamics

Increasing vessels fleet coupled with technological advancement in the gas recirculation system is expected to drive the marine boiler burner market over the forecast period. Moreover, most of the marine boiler burner manufacturer are also focusing to improving fuel-to-air ratio, fuel distribution, and thermal load ratios in order to efficiently fuel burning which in turn is expected to accelerate the sale of marine boiler burner market over the slated time period.

Compared to other equipment used for heating and burning applications in marine Boiler Burner are relatively easy to install. Their maintenance remains low-budgeted, even for large-scale manufacturers with flexible expenditure threshold. Moreover, new products being introduced in the global marine boiler burner market are becoming more compact, which is also foreseen provide positive impetus to the global marine boiler burner market over the stipulated time period.

Irrespective of its advantages, single block marine boiler burner is relatively low efficient as compared to double block burner, in turn, hamper the global growth of marine boiler burner market in the assessment period.

Marine boiler burner with low noise levels are being widely preferred. Likewise, key market participants have extended their product lines with inclusion of burners with low noise emission capabilities. Easy installation, low noise level and less mechanical framework are being viewed as key features of almost every marine boiler burner being sold in the global market. Furthermore, manufacturing of such marine boiler burner is becoming cost-effective, which makes them more economical with respect to price-to-power ratio.

Marine Boiler Burner Market: Regional Outlook

Western Europe is expected to grow with sizable share in the global marine boiler burner market owing to rising marine trade activities. Latin America are also projected to grow with significant growth rate owing to significant amount of goods transported through online which in turn rising the need of carriers of vessels is indirectly fillip the sales of marine boiler burner market over the slated time period.  Middle East &Africa region is projected to grow with addressable growth rate in the global marine boiler burner market due to increase in the figures for oil tankers and offshore vessels, which can be a prominent marine boiler burner market growth engine in te region over the stipulated time period.

Marine Boiler Burner Market: Key Participants

Global marine boiler burner market is characterized as consolidated owing to relatively less number of manufacturer of marine boiler burner. However, some of the market participants in the Marine Boiler Burner market identified across the value chain:

  • Weishaupt Group
  • SAACKE Group
  • Volcano Co., Ltd.
  • Oilon Group Oy
  • Burner Automation Rotterdam
  • Filter AS
  • CO.,LTD.
  • Zeeco, Inc.

The research report on the Marine Boiler Burner  market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Marine Boiler Burner market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, technology, material, install position, sales channel, and distribution channel.

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The report covers exhaustive analysis on:

  • Marine Boiler Burner Market Segments
  • Marine Boiler Burner Market Dynamics
  • Marine Boiler Burner Market Size
  • New Sales of Marine Boiler Burner
  • Current Trends/Issues/Challenges in the Marine Boiler Burner Market
  • Competition & Companies Involved in Marine Boiler Burner
  • New Technology for Marine Boiler Burner
  • Value Chain of the Marine Boiler Burner Market

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Marine Boiler Burner market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
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Stair Lift Motors Market Are Anticipated To Reach US$ 211.6 Million With A CAGR Of 4.3% By 2032

The stair lift motors market is likely to rise to US$ 139.3 Million in 2022. The stair lift motors are anticipated to reach US$ 211.6 Million with a CAGR of 4.3% by 2032.

The stair lift motor is a type of moving chair that helps to ride the person from up-stair to down without getting any burden. As it is a comfortable, short-term solution for the elders who are afraid of the stair so a huge demand for stair lift motors persists in urban areas. The sales of stair lift motors are growing in medical emergencies including fractures or diagnoses and falls.

The demand for stair lift motors device for lifting people in the direction of the track beside the stairs is increasing. A bannister is attached to the stair tropes, and a lifting stand or chair is attached to the rail. This is likely to boost the growth of the stair lift motors market in supermarkets and shopping malls during the forecast period. These are some of the major reasons for the recent increase in the stair lift motor market size.

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Drivers:

The stair lift motor market size is anticipated to experience a moderate growth rate during the forecast period.

  • Convenience

The flexibility, low maintenance cost, and reduced weight are likely to increase the stair lift motors’ market share during the forecast period. A high level of immobility and convenience is reflected to be a top reason in the adoption of stair lift motors.

  • Safety feature

The advanced stair lift motors are much safer and it reduces the chances to fall. The stair lift motors are specially used by handicapped, old-age and children which are anticipated to increase the stair lift motors market opportunities. The government is also imposing strict rules across the globe to take up initiatives to use stair lift motors in the medical sector.

  • Technological progress

The manufacturers are also making products more user friendly to increase production and the sales of stair lift motors in coming years. On the other hand, technological innovation in the medical industry remains one of the prominent driving forces to rise the stair lift motors market growth.

  • Energy efficiency

Over the past few years, the demand for A.C. power stair lift motor is increasing with a noteworthy attraction in the global stair lift motor market. Due to its vastly reliable and energy proficient services, the end-users are likely to increase the adoption of AC power stair lift motors.

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Restraints:

  • Trained personnel

Trained person is required for the installation of stair lift motors, lack of acquaintance related with local elevator codes may hinder the stair lift motors market growth.

  • High Cost

Moreover, high prices and deleterious customer evaluations related to the post-sales service is venerable and poses a challenge for the adoption of stair lift.

  • Operational Injury

Additionally, concerns related to the prospective threat of injury owing to incongruous installation is expected to continue to present challenges to the growth of this market.

The key participants of the global stair lift motors market are the following:

  • Dumore Motors (US)
  • Acorn Stairlifts, Inc. (US)
  • Lothian Electric Machines Ltd. (EUROPE)
  • Harmar (US)
  • Chanter Biomed (UK)
  • Bruno (NA)
  • MediTek
  • Stannah Stairlifts Ltd.

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Key Segments

By Types:

  • Wheelchair platform stair lifts
  • Straight-rail stair lifts
  • Curved-rail stair lifts
  • Outdoor stair lifts
  • Goods stair lifts
  • Others

By Current:

  • DC. power lifting motors
  • AC power lifting motors

By Application:

  • Medical Sector
  • Industrial Sector
  • Commercial Sector

By User Orientation:

  • Seated
  • Standing and perched
  • Integrated wheelchair platforms

By Installation Type:

  • Indoor
  • Outdoor

By Sales channel:

  • OEMs
  • Online

By Regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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CHP Market Expected To Register A CAGR Of 6.4% During Forecast Period 2022-2032

The global CHP market is expected to garner a market value of US$ 2,091.6 Million in 2022, expected to register a CAGR of 6.4%. The market is projected to surpass a market value of US$ 3,876.5 Million during the forecast period 2022-2032.

The combined cooling heat and power (CHP) plant market is expected to gain traction over the forecast period owing to government regulations regarding emission of greenhouse gasses and emergence of new technologies, such as absorption chillers, that efficiently convert heat into cooling. The market for CHP registered a CAGR of 5.5% in the historical period 2016-2021.

Cooling heat and power together, also known as trigeneration, is a process that uses heat generated by a combined heat and power plant to generate cooling energy for refrigerators and air conditioners. It is the most cost-effective and environmentally friendly way to generate heat, cooling, and electricity, making it the ideal solution for organisations with high cooling demands.

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Combined cooling heat and power plant consists of an electricity generator, heat exchanger, gas engine and chiller. Additionally, the important benefits of CCHP include greater efficiency, i.e., a single fuel source can generate several forms of energies, such as electrical energy, heat energy and cooling energy.

Over the forecast period, environmental regulations concerning CO2 emissions are expected to be a major factor driving the growth of the combined cooling heat and power plant market. Furthermore, combined cooling heat and power plants are much more efficient than separate generation of electricity and energy, which is another factor driving market growth.

Aside from that, the various advantages of combined cooling heat and power plants, such as significant reductions in greenhouse gas emissions, lower fuel and energy costs, and lower electric usage, will contribute to market growth.

Market Competition

Some of the major players in the market are GETEC heat & power AG, Peter Brotherhood Ltd., Clarke Energy, Siemens, ABB, AGO AG Energie + Anlagen, MAN Diesel & Turbo SE, M-Trigen, O’Hair Shutter Ltd., Grastim Energia, Biomass Power and International Coil Ltd. The CHP market is currently witnessing a number of strategic collaboration and partnership activities by manufacturers and distribution channels.

  • In May 2022, Caterpillar Inc. announced a three-year project with Minnesota-based District Energy St. Paul to demonstrate a hydrogen-fueled combined heat and power (CHP) system. The project is supported and partially funded by the U.S. Department of Energy and backed by the National Renewable Energy Laboratory. This hydrogen demonstration project will enable the company to evaluate additional hydrogen fuel options for an existing energy-efficient engine, providing even more possibilities for helping our customers meet their climate-related goals and objectives. CHP systems from Caterpillar provide both electricity and heat simultaneously, increasing overall efficiency and reducing exhaust emissions. To assess the potential of a hydrogen-fueled CHP system under real-world operating conditions, power and heat from the demonstration project will integrate into District Energy St. Paul’s electrical and thermal infrastructure.

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Key Segments Profiled in the CHP Industry Survey

CHP Market by System Type:

  • Smaller CHP System (less than 5 MW)
  • Medium CHP System (5 MW to 20 MW)
  • Large CHP System (above 20 MW)

CHP Market by Technology:

  • CHP Reciprocating Engines
  • CHP Turbines
  • CHP Fuel Cells

CHP Market by Chiller Type:

  • Absorption Chiller
  • Engine Drive Chiller

CHP Market by Application:

  • CHP for Industrial Applications
  • CHP for Commercial Applications
  • CHP for Institutional Applications

CHP Market by Region:

  • North America CHP Market
  • Latin America CHP Market
  • Europe CHP Market
  • Asia Pacific CHP Market
  • Middle East & Africa CHP Market

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Charge Controller System Market Is Expected To Hold A Market Value Worth US$ 5,568.8 Million In 2022 And 2032

The global charge controller system market is expected to hold a market value worth US$ 3,241.5 Million and US$ 5,568.8 Million in 2022 and 2032, respectively. During the forecast period from 2022-2032, the market is expected to display a CAGR of 5.6%, and registered a CAGR worth 5.3% from 2016-21. Growth of the market can be attributed to the increasing demand for power systems across the globe.

Charge controllers are used in different type of power generating systems regardless the source i.e. wind energy, solar energy, hydro power based, fuel systems based, etc. and are essential for all power system applications. The growing demand for power systems across the globe is expected to boost the charge controller systems market.

Charge controllers regulate the batteries to limit the voltage/ current from overcharging and discharging, thus protecting them and increasing their overall service life. Preventing the batteries from damage during the charging process also optimize the overall system performance.

Charge controller systems, specifically, are used during solar power generation in Photo Voltaic (PV) systems.  They are connected in between the PV array cells and the battery to regulate the current/ voltage flow. In case of overcharging, when the battery charges power more than the rated voltage/current, charge controllers disconnect the battery from PV arrays in the absence of load.

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To control the input voltage, charge controllers block the reverse current. Reverse current flows in the consequences of overcharging. By using the diode in series and shunt, it can be controlled and if the charge exceeds more than the rated voltage, the battery will be disconnected from the PV system. When used in wind power generation system, charge controllers dissipate the excess power in the form of heat in case of the battery is overcharged.

Solar charge controllers are basically of two types – pulse width modulation (PWM) and maximum power point tracking (MPPT). MPPT charge controllers are widely used in solar power generation for their high efficiency and reliability.

They allow solar panels (PV arrays) to operate at the optimum output voltage to boost the performance more than 30%. PWM charge controllers are available in the market for a long time and they are less efficient and cost low when compared to the MPPT.

Various basic switching controllers include – temperature compensation, equalization charging, meters and indicators for system status and operating information. In order to regulate the battery by set point for load disconnection during discharging and overcharging of the battery, the following steps are followed

Regulate set point: Fix the set point at maximum permissible voltage to allow the battery to charge. If the voltage increases more than the set point, the controller discontinues the charging. The specific selection of the set point depends on the operating temperature and battery chemistry.

Voltage Regulate hysteresis: Voltage regulate hysteresis is an important factor causing charging effectiveness of a controller.

(LVD)Low voltage disconnect:   Low voltage disconnect is a set point at which the load is disconnected from the battery to stop over discharge

(LVDH) Low voltage disconnect hysteresis (LVDH):  It is the voltage at which reconnected

Europe holds the highest market share with more number of solar panels installed. North America holds the second largest market share in charge controller systems market. APEJ holds the prominent market share during the forecasted period with more no of solar and wind power installation.

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Global Charge Controllers System Market: Key Trends and Drivers 

Growing demand for power pertaining to energy crisis boosts the growth of the renewable energy sources which in turn a key driver for charge controller systems market. Owing to the characteristics of charge controllers in order to regulate the battery over the charging and discharging in PV systems, wind power drives the growth of the market. Smart grid utility station are installed are growing with new advanced technologies in which charge controllers are used drives the market.

Global Charge Controllers System Market: Market Participants 

Examples of some of the market participants identified across the value chain include, Morningstar, Blue Sky Energy, Steca Elektronik, OutBack power, Phocos, Beijing Epsolar, Centosolar, Genasun, Shuori New energy, Leonics, /solex,Intepower, Sunway Power.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain,)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Charge Controllers System Market: Segmentation 

Charge Controllers System Market is segmented as follows

On the basis of controller type

  • PWM  charge controllers
  • MPPT charge controllers
  • Others

On the basis of applications

  • Solar based
  • Wind based
  • Smart grid
  • Others

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Smart Home Appliances Market Insights Report 2022 with COVID-19 Pandemic Analysis & Future Growth Analysis by 2032

The global smart home appliances market is anticipated to garner US$ 75 Billion while expanding at a CAGR of 8.1% during the forecast period ranging from 2022 to 2032, as per Future Market Insights’ recent report. The market is estimated at US$ 32 Billion in 2021 and US$ 34.5 Billion in 2022. Product demand is being driven by factors, such as the growing penetration of smart homes, rising home improvement projects, and rapid developments in IT and wireless communication.

Technological advances incorporated into homes are augmenting industry growth. Makers are incessantly developing and transforming smart home appliances to cater to the relaxed lifestyles of tech-savvy consumers. Besides, brands have been improving smart automation and hi-tech features for smart homes. Digital smart dials and voice-controlled lighting with programmable attributes are anticipated to appeal to millennial clientele. On the other hand, high costs involved in technological advancements, which can result in higher global product costs, may hurt industry development.

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In recent years, the demand for smart home appliances has burgeoned at a moderate rate, backed by an upward trend of advanced gadgets among millennial consumers. In terms of product type, the demand for smart washing machines is rising at an impressive rate owing to the growing demand for convenience products in residential spaces.

Key Takeaways from the Market Study

  • By product type, smart washing machines are expected to be most sought after, capturing 31% revenue
  • Smart air purifiers to enjoy equally high demand, flourishing at a 7.9% CAGR until 2032
  • Offline smart home appliance sales to retain dominance, comprising over 60% demand in 2022
  • Online smart home appliances sales to surge fastest, estimated to record an 8.1% CAGR
  • North America region is likely to account for the majority share of nearly 38% in 2022
  • Europe to generate substantial expansion opportunities, yielding 1/3rd of global revenue in 2022
  • Asia Pacific to register an 8.3% CAGR with regard to smart home appliance demand

With the introduction of novel technologies and increasing concern for the cybersecurity, the manufacturers are investing more on developing energy-efficient products to offer protection for the residential & commercial, thereby exhibiting immense growth,” remarks an FMI analyst.

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Competitive Landscape

Key players in the global Smart Home Appliances market include Whirlpool Corp., LG Electronics, Haier Group, Samsung Electronics Co. Ltd., Panasonic Corp., BSH Hausgeräte GmbH, Electrolux AB, Koninklijke Philips N.V, GE Appliances, Xiaomi Corp., among others. Recent key developments among players are:

  • In January 2022, Samsung Electronics announced its membership in the Home Connectivity Alliance (HCA) together with leading manufacturers in the smart home space, aiming to promote interoperability and greater safety.
  • In February 2021, Panasonic announced the launch of its IoT and AI-connected living platform-Mirage. Additionally, the company launched a connected refrigerator, washing machine, wifi fan, ROMA smart digital switches, and smart wifi controller plugs and switches in India.
  • In January 2022, Electrolux and other manufacturers formed the Home Connectivity Alliance (HCA) to make devices and apps work together across brands for a better consumer experience.

Key Segments Covered in the Smart Home Appliances Industry Analysis

Smart Home Appliances Market by Product:

  • Smart Washing Machines
  • Smart Refrigerators
  • Smart Air Purifiers
  • Smart TV
  • Other Smart Home Appliances

Smart Home Appliances Market by Distribution Channel:

  • Online Sales of Smart Home Appliances
  • Offline Sales of Smart Home Appliances

Smart Home Appliances Market by Region:

  • North America Smart Home Appliances Market
  • Latin America Smart Home Appliances Market
  • Europe Smart Home Appliances Market
  • Asia Pacific Smart Home Appliances Market
  • Middle East & Africa Smart Home Appliances Market

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Smart Home Appliances market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Smart Home Appliances Market by Product (Smart Washing Machines, Smart Refrigerators, Smart Air Purifiers, Smart TV, Others), by Distribution Channel (Online Sale, Offline Sale) & Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions/Exclusions

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product modifications /Innovation

  1. Key Success Factors

4.1. Strategic Developments

4.2. Key regulations

4.3. Product USPs /Technology

4.4. List of Manufacturers and Providers

Read More TOC

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Pet Treats and Chews Market Latest Study Reveals New Growth Dynamics Forecasts to 2032

The pet treats and chews market is poised to reach a valuation of US$ 8.2 Bn in 2022. As per a recent market analysis by Future Market Insights (FMI), Sales are projected to increase at a 5.2% CAGR, with the market valuation reaching US$ 13.7 Bn by 2032.

Growing pet adoption is expanding the consumer base in the pet treats and chews market. An increase in pet companionship, along with rising disposable income will fuel sales in the market. Pet treats and chews market has grown from being just ‘treats’ and ‘chews’ for the pets, to now being a market for necessary claims such as health supplements, dental care products and functional treats.

The global market, which was primarily dominated by dog treats and chews, and is now being outpaced by cat treats and chews in terms sales. This has been mainly due to manufacturers focusing and introducing newer products in the cat category. The introduction of dry cat treats has been a major breakthrough in the industry, helping find an untapped sector which has immense growth potential.

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“Increasing demand for vegan pet treats and chews products among consumers, along with growing preference for functional pet treats is expected to create opportunities for growth in the market,” says an FMI analyst.

Key Takeaways:

  • Based on sales channel, the modern trade segment will account for 22% of the total market share.
  • In terms of product type, sales of dental treats and chews are expected to hold 28% of the total market share.
  • By pet type, demand for treats and chews for dogs will increase at a considerable pace.
  • The U.S. will hold 25% of the North America pet treats and chews market share.
  • Total sales of pet treats and chews in Japan will reach a valuation of US$ 357 Mn in 2022.
  • Demand for pet treats and chews in India will surge at a 3% CAGR through 2032.

Competitive Landscape

The key players in the pet treats and chews market are Mars Pet, Inc., Nestlé Purina PetCare, The J.M. Smucker Co., Hill’s Pet Nutrition, Inc., General Mills, Inc., Diamond Pet Foods, Spectrum Brands/United Pet Group, Mammoth Pet, Fluff and Tuff Inc., Central Garden and Pet Co, ZippyPaws’, PetMate, KONG Company, Eurocan Pet Products, Cadet Pet, Inc., Presidio Natural Pet Co, and Wellness Pet Company.

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Pet Treats and Chews Market by Category

Product Type:

  • Dental care
  • Aromatic Treats
  • Comfort Treats
  • Training Treats

Pet Type:

  • Cats
  • Dogs

Ingredient Type:

  • Plant Based
  • Animal Based

Price Range:

  • Mass
  • Premium

Sales Channel:

  • Pet Specialty Stores
  • Drug Stores
  • Modern Trade (Hypermarket/ Supermarkets)
  • Online Retailers
  • Convenience Stores
  • Other Sales Channel

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Frequently Asked Questions

  • What is the market size of the global pet treats and chews market?
  • What is the expected growth rate of the global pet treats and chews market?
  • What are the key trends driving the sales in the global pet treats and chews market?
  • Who are the key players in the global pet treats and chews market?

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Water Leak Sensors Market Is Forecasted To Be Appraised At US$ 3,462.4 Mn By 2032, FMI

The global water leak sensors market is forecasted to be appraised at US$ 3,462.4 Mn by 2032, up from US$ 1,777.6 Mn in 2022, advancing at a CAGR of 6.9% during the forecast period.

The integration of the Internet of Things (IoT), artificial intelligence (AI), cloud or edge-based services and their increasing proliferation in smart homes are expected to drive the sales of water leak sensors. However, the inefficient water systems, as well as the lack of awareness of the importance of water leak sensors, are likely to hamper the market growth.

Water leakage incidents occur at various residential or non-residential places result in loss of large quantity of water. Water leakages can damage the older or newly constructed buildings. The various reasons of water leakage can be every day wear and tear in the building or pipeline, waste such as hair or grease can cause the damage to water pipeline and result in water leakage, high water pressure, various chemicals present in the water, conditions of soil in the particular area, and breakdown of fittings.

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Water leakage increases the water bill as well as affects the walls, ceilings, mold on walls, concrete foundation and may result in decolonization. Thus the use of water leakage testers is necessary and allows the users to take safety precautions before any damage occurs.

Water leakage tester market is expected to witness significant growth in next few years due to the rising expenditures on water treatment and water transmission projects, rising construction works and the rising need to reduce the damages resulting due to the water leakage.

Water Leakage Tester Market: Dynamics

There is an increase in water stress level across the world. The increase in population, water shortages and growing demand for water are some of the important factors fuelling the growth in water leakage tester market. The increasing water stress levels due to the rising pollution levels, climate changes, geographical conditions at various places, population increase, changes in water consumption patterns and urbanization drive the global water leakage tester market. The need to reduce water wastage levels by detecting the inefficiencies in water supply systems using various equipment such as water detectors, water sensors, water leakage alarms also lead to growth in water leakage tester market.

The need to reduce water wastage levels in buildings, societies, municipalities, and commercial buildings is expected to drive the global water leakage tester market. The water leakage tester market is expected to grow due to the need of new pipeline protection methods, high investments made on water transmission and water treatment methods, increase in construction of new residential and non-residential buildings, increasing environmental concerns. In addition to this, the role of government in empowering water leakage tester market also drives the global water leakage tester market.

The introduction of advanced water leakage tester is the key trend in water leakage tester market which is expected to gain the traction in water leakage tester market in coming years. The advanced water leakage tester is user friendly, sophisticated designs and can be used for any pipeline material including polyvinyl chloride pipes.  The research and development in water leakage tester market are expected to drive the global water leakage tester market.

However the installation of water leakage tester in underground pipeline systems can be messy and the maintenance will be difficult. The initial cost, installation problems and maintenance required for water leakage tester can hinder the growth in global water leakage tester market.

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Water Leakage Tester Market: Key Players

Some of the mature participants of global water leak tester market are Perma-Pipe Inc., Pure Technologies Ltd, Atmos International, TTK- Leak Detection System, Aqua Leak Detection LLC, Mueller Water Products, Inc., NEC Corporation, Badger Meter Inc., 3M, ABB, Gutermann AG, Aquilar, Siemens, Halma, and Schneider Electric.

These market players try to expand their share in water leakage tester market using advanced technologies and strengthen their position in the global water leak tester market.

Water Leakage Tester Market: Regional Overview

The North America and Latin America regions are expected to be the major revenue contributors in the global water leakage tester market during the forecast period. The increasing construction works, rising populations and industrialization in the Asia Pacific contribute to growth in water leakage tester market in this region. Increasing industrialization in emerging countries of Middle East and Africa are expected to drive the water leakage tester market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Installed Base
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Water Leakage Tester Market: Segmentation 

Based on the end users of water leakage tester, the water leakage tester market can be segmented as,

  • Commercial Buildings
  • Residential Buildings
  • Municipalities
  • Industries

Based on the location of application, the water leakage tester market can be segmented as

  • Underground Pipeline Systems
  • Overhead Pipeline Systems

Based on the offerings, the water leakage tester market can be segmented as

  • Equipment
  • Inspection

On the basis of equipment used for water leakage testing, the water leakage tester market can be segmented as

  • Acoustics
  • Non-acoustics

On the basis of product type, the water leakage tester market can be segmented as

  • Fixed Leak Detectors
  • Portable Leak Detectors

About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
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