EV Power Module Market Set to Surge with a 24% CAGR, Anticipated Valuation Reaches US$ 16,805.4 Million by 2033

According to FMI’s study of the global EV power module market demand, the industries are anticipated to expand at a healthy CAGR of 24% on average. Consequently, by the end of the forecast period, the EV module market share’s entire worth might reach up to US$ 16,805.4 million. Back in the year 2022, the overall value of all EV power modules was around US$ 1,570.6 million. For this year 2023, FMI predicts the value to be around US$ 1,955.4 million.

As a result, the widespread adoption of EVs is anticipated to boost industries supplying components for electric vehicles on a worldwide scale. Moreover, rising public spending on the construction of a global charging network is also anticipated to encourage the selling of EV power modules.

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Key Takeaways

  • The United States is the leading region for the global EV power module market and contributes 10.1% of the revenue generated globally.
  • In Asia Pacific, China is projected to grow remarkably in sales of EV power modules produced in the country. It is further projected to witness an annual growth rate of 21.3% during the forecast years
  • Contrastingly, India is predicted to register a higher CAGR of 25.4% in demand for EV power modules through 2033.

Competitive Landscape

Continental AG, Robert Bosch GmbH, Denso Corporation, Hitachi Automotive Systems Ltd., Mitsubishi Electric Corporation, STMicroelectronics, ON Semiconductor, Infineon Technologies, Toshiba Corporation, NXP Semiconductors among others are some of the key players in the global EV power module market.

To get an advantage over rival businesses, EV power module suppliers are growing their operations by involving in strategic investments.

Recent Developments

  • ICONICS Inc., which is a software development company, reported in 2019 that Mitsubishi Electric Corporation acquired its shares. ICONICS Inc. concentrates on software solutions for the technological, processing, and construction of automation industries that include analytics, mobility, IoT, and cloud. The firm, based in the United States, become a fully owned subsidiary of the Mitsubishi Electric Group after the purchase.
  • In August 2018, FCA disclosed that its Toledo Machining Plant located in Ohio produced EV power modules for the 2020 Jeep Wrangler PHEV. This production line may include integrated multipurpose chargers that include an onboard charger with a DC-AC converter. By 2022, FCA plans to offer more than 30 EV models, including the Jeep Wrangler plug-in hybrid EV, with electrified options.
  • Robert Bosch GmbH unveiled a new power module for small vehicles in September 2022 that combines an electric motor and an integrated inverter. Mostly with help of a new type of semiconductor, the Company has decreased power loss by 20%, enabling an inverter performance of 97% and extended range.
  • Continental said in March 2021 that it has created a high-power power module for Jaguar Land Rover, comprising a microcontroller and a DC-AC inverter technology solution that is specially tailored to the needs of sporty, performance-oriented EVs. According to claims of Continental AG, the power electronics module can carry a large amount of electric current — up to 650 Ampere.
  • Hitachi Astemo Ltd. stated in December 2021 that its inverter was selected for use in Geely Automobile Holdings Limited’s “Leishen Hi-X” HEV powertrain design. It has a pure water-cooled, both-side cooling power module that is compact in size and powerful in performance.

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Key Segments

By Vehicle Technology:

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PEV)
  • Fuel Cell Electric Vehicles (FCEV)

By Vehicle Type:

  • Two-wheelers
  • Passenger Cars
  • Commercial Vehicles
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • The Middle East and Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Plug-In Hybrid Electric Vehicles (PHEV) Market Share is anticipated to reach a high of US$ 3,80,665.9 Million by the year 2032.

Zero Emission Vehicle Market Demand is expected to grow at a massive CAGR of 25.4% during the period 2023 to 2033.

Electric Utility Vehicles Market Size is expected to reach a valuation of US$ 38,550.2 million by 2033. The market is projected to grow at a sturdy CAGR of 15.4% during the period 2023 to 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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EV Charger Market Set to Soar with 26.6% CAGR by 2033, Reaching US$ 68,967.2 Million

According to ESOMAR-certified Future Market Insights’ (FMI) – By the end of the year 2033, the overall valuation of the global EV charger market is expected to be around US$ 68,967.2 million. This year, it is expected to be US$ 6,520.9 million and increase at a CAGR of 26.6% from 2023 to 2033. The net worth of all EV chargers sold in 2022 was estimated to be around US$ 5,130.5 million in 2022.

In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles.

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Key Takeaways

  • Germany holds an overall market share of 11.2% of the global EV charger business, which is higher than any other country. With the presence of some of the leading electric vehicle suppliers, it is poised to hold its dominance in the coming days.
  • The United States follows Germany in the production and sales of EV chargers, and contributes nearly 9.6% of the global revenue share. Significant expenditure by the key EV charger market players in research and development is poised to keep it a market leader in this sector.
  • In the Asia Pacific region, China is the leading manufacturer of chargers for electric vehicles and is poised to grow at 20.8% on an annual basis.
  • Meanwhile, India is anticipated to witness a year-on-year growth rate of 26.6% during the period from 2023 to 2033.
  • Based on vehicle type, battery-operated electric vehicles (BEVs) generate the most amount of demand for EV chargers around the world. In the year 2022, this market segment contributed revenue of around US$ 2,350 million, which was figured out to be 45.8% of the global EV charger market size.
  • Japan is also a prominent market, with substantial demand for EV chargers owing to the presence of many EV manufacturing companies. The overall value of the Japan EV charger market is expected to reach US$ 413.8 million by 2033.

Competitive Landscape

Key players operating in the global EV charger market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, bp pulse, Schaffner Holding AG, and POD point among others.

Due to the existence of multiple market entities, the global EV charger industry is fairly fragmented and is getting more competitive each year. Also, for enhancing their market positions and expanding their shares, the leading players are consistently engaged in a variety of R&D initiatives. Other strategies include partnerships, buyouts, acquisitions, cooperation, new product introductions, and many others.

Recent Developments

  • BorgWarner Inc. finalized acquiring Delphi Technologies Company in the year 2020. The EV power electronics products, including the EV charger business of BorgWarner, are expected to benefit from the merger with Delphi Technologies.
  • According to an agreement between Enel X, Be Charge, and Eni Apps in December 2021, customers can utilize their smartphones to access charging stations.

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Key Segments

By Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Charging Type:

  • On-board Charger
  • Off-board Charger
  • Others

By End User:

  • Residential Electric Vehicles
  • Commercial Electric Vehicles
  • Other Electric Vehicles

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • The Middle East and Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Wide-ranging Coverage of FMI’s Automotive Landscape

Electric Vehicle Battery Market

EV Charging Cables Market

Electric Three Wheeler Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Insider Risk Management Market Soars, Projected to Reach US$ 7.2 Billion by 2032

According to the Insider Risk Management Market research, by the end of 2022, the market is predicted to be valued at around US$ 2,223.5 million. According to Future Market Insights, the pandemic has accelerated digital change. Not only has there been a huge movement towards remote work, but efficiency and flexibility have also seen a big uptick. Faster and more flexible working methods substantially increase the risk to data security. Before the COVID crisis a year ago, employees had an 85% lower likelihood of disclosing personal information. Outsider assaults were surpassed by malevolent or negligent insiders as the main source of data breaches, according to IT security leaders.

While malicious assaults could still happen, a rise in actions by remote workers who might not even be aware they are putting the company at danger of security threats and compliance violations is more concerning. Organizations are using integrated, end-to-end tools to gain a handle on risk management as it seems to get ever more complex. Insider Risk Management (IRM) develops a framework around the new concept of “risk tolerance,” with a goal of providing security. IRM further teams with visibility and context around data activities in order to secure that data without imposing onerous restrictions on users.

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Due to a growing shift towards hybrid or remote workforce, there has been a rise in publicly-disclosed system breaches and data leaks. This has propelled the growth of the insider risk management market.

Key Takeaways: Insider Risk Management Market

  • By solution, the on-premises insider risk management software segment accounts for the highest market share of around 68.0% for insider risk management market in the year 2021. However, the cloud based insider risk management software segment is estimated to grow at a robust CAGR of 23.3% through 2032.
  • By enterprise size, the large enterprises segment had the highest market share of around 62.7% in the insider risk management market in 2021.
  • By industry, the government segment is predicted to grow at a CAGR of around 23.4% between 2022 & 2032.
  • By region, North America had the largest market share of around 32.9% in insider risk management market in 2021, whereas the South Asia & Pacific region is showing the highest growth of around 22.5% CAGR during the forecast period.

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“Insider risk management has become a priority for security and risk management due to the growth of hybrid or remote workforce, as well as increased vendor integration. Organizations may quickly recognize, monitor, and reduce insider risks in real-time by implementing insider risk management solutions. Organizations can also spot and reveal other forms of malicious behavior that could be detrimental to the firm by using insider risk management systems” says FMI analyst”.

Increased vendor integration and shift towards hybrid or remote workforce to ensure secure work practices and data protection

The business ecosystem’s digitization has created new possibilities for organizational growth and transformation across industries. Due to the evolution and proliferation of cybersecurity threats, this digital revolution has also increased the risks associated with conducting business. Employees have greater and more access to data creation, management, and sharing capabilities across a variety of platforms and services. Due to careless sharing of data or malevolent intent, there has been rise in instances of data theft by departing employees and information leaks outside the firm.

Insider risk management is a powerful threat protection tool created to quickly identify, analyze, mitigate, and respond to insider risks. It offers control and visibility over internal data access and data leaks by end users, including workers, distant suppliers, and contractors, to safeguard against insider risks like theft, fraud, and damage.

Users can design policies for locating risk indicators using insider risk management. These guidelines support the detection and control of risky behavior, the detection and management of company policy violations, the monitoring and management of data access governance issues, and the improvement of insider threat security. Insider risk management solutions use cutting-edge techniques to safeguard confidential firm information and intellectual property from loss, theft, and leakage while fostering remote workers’ collaborative work.

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More Valuable Insights on Insider Risk Management Market

Future Market Insight’s report on insider risk management market industry research is segmented intofour major sections – solution (cloud based insider risk management software, and on-premises insider risk management software), enterprise size (small & mid-sized enterprises (SMEs), and large enterprises), industry (finance, healthcare, government, education, manufacturing and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the insider risk management demand outlook.

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fish Feed Pellet Making Machines Market Gears Up for US$ 2,167.9 Million Valuation by 2033, Empowered by Resilient 5.6% CAGR

The fish feed pellet making machine market is poised for significant growth, driven by a robust Compound Annual Growth Rate (CAGR) of 5.6% over the forecasted period. By 2033, this burgeoning market is expected to exceed a valuation of US$ 2,167.9 million, marking a substantial increase from the projected US$ 1,257.2 million in 2023. The year 2022 is anticipated to conclude with a valuation of nearly US$ 1,190.5 million, and 2023 is expected to witness commendable year-on-year growth of 4.3%.

These highly specialized devices are meticulously engineered to transform powdered fish food into compact, nutrient-rich pellets. Designed to cater to the needs of commercial fish farmers, these cutting-edge machines empower farmers to provide a consistent and tailored diet for their aquatic stock. The resulting pellets, characterized by their small size, address the specific dietary requirements of fish, thereby contributing significantly to the growth and health of aquatic ecosystems.

The trajectory of this market underscores its vital role in meeting the evolving needs of the aquaculture industry and emphasizes the importance of advanced technologies in promoting sustainable and efficient fish farming practices.

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As per FMI, increasing export of fish and other seafood products from various countries across the globe is likely to drive sales in the market. In emerging economies, international companies are expected to enter for capturing the overall industry.

One prominent catalyst propelling growth in this market is the burgeoning trend of organic farming. Organic fish production places a premium on genetically unmodified organisms, eschews chemical pesticides and products, and upholds the welfare of aquatic life through lower stocking density.

Moreover, increasing demand for organic farming owing to rising awareness regarding the importance of sustainability, as well as animal welfare is set to augment sales. Thus, fish farmers are practicing organic farming methods to provide chemical free and genetically modified products.

Rising inclination of consumers towards organic food items is projected to compel key manufacturers to expand their production capacity of organic feed. Changing eating habits and lifestyles of consumers in both developed and developing countries are the other factors that would accelerate sales in the market.

Key Takeaways from the Fish Feed Pellet Making Machine Market Study:

  • Top 3 countries in the global fish feed pellet making machine market are projected to generate a share of 8% in the next ten years.
  • The global fish feed pellet making machine market is estimated to be valued at US$ 1,190.5 million by the end of 2022 from a valuation of US$ 1,006.0 million in 2018.
  • The USA fish feed pellet making machine market is anticipated to generate the lion’s share of nearly 8% by 2033.
  • Germany fish feed pellet making machine market is predicted to account for a considerable share of about 3% in Europe during the estimated time frame.
  • In Asia Pacific, India is likely to witness moderate growth and exhibit a CAGR of 3% from 2023 to 2033.

“Key companies in the fish feed pellet making machine market are anticipated to invest huge sums in the manufacturing of dry pelleted fish feed. This type of feed is projected to be extensively used for improving digestibility and balance of nutrients for matching specific needs of various fish species,” says a lead analyst at Future Market Insights.

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Key Players Operating in the Industry:

  • CPM Asia
  • Andritz Group
  • Buhler AG
  • Salmco Ltd.
  • Zhengchang Group
  • LIMA Machinery
  • Darin
  • Jinan Baimai Haiyuan Extrusion Machinery
  • Sunspring Machinery

Market Segmentation:

By Type:

  • Ring Die Pellet Mill
  • Flat Die Pellet Mill

By Application:

  • Small-Scale Aquaculture
  • Large-Scale Aquaculture
  • Others

By Sales Channel:

  • Online
  • Offline

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electric Vehicle Powertrains Market Set to Scale Over 24% Growth, Targeting US$ 112,036 Million by 2033

The size of the worldwide EV powertrain market which is estimated at US$ 10,470.6 million in 2022, is anticipated to register a CAGR of 24% from 2023 to 2033. By following this impressive growth rate the total valuation is anticipated to reach US$ 112,036 million by the end of 2033.

Since conventional fuel cars are anticipated to become less common in the next years, EVs are the way of the future automobile industry. In addition, the adoption of e-mobility and resistance to transportation powered by internal combustion engines are growing and promoting the EV powertrain market opportunities. Moreover, the introduction of EV portfolios and anticipated investments in the EV industry are likely to speed up the changeover.

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Key Takeaways

  • Owing to the presence of many key players in the United States, currently, this country leads the global market in sales of EV powertrains. As it generated a revenue of around US$ 1,057.5 million, it was figured out to have captured 10.1% of the global market.
  • Germany led the European region in the production of EV powertrains by generating revenue of around US$ 1,005 million in the year 2022. This value was nearly 9.6% of the revenue generated globally, making it the second leading region followed by the United States.
  • However, the United Kingdom has come into the picture these days for its remarkable increase in demand for EV powertrains. Based on the global EV powertrain market statistics, the United Kingdom is poised to register a 19.6% CAGR over the forecast years.
  • In the Asia Pacific region, China leads in production as well as the supply of EV powertrains around the world. This country is further projected to hold the dominant position in the coming days by registering a growth rate of 21.3% through 2033.
  • Contrarily, India remains the most notable region for witnessing rapid expansion in the adoption of EV powertrains these years. With an annual growth rate of 25.4%, the sales of EV powertrains in India are poised to grow faster than in other countries.
  • Among the different types of components, motors generate the maximum share of the revenue generated by the overall market. The motor segment is anticipated to contribute US$ 51,312.5 million of the total revenue share of the global EV powertrain market in 2033.

Competitive Landscape for the Market

Robert Bosch GmbH, Continental AG, Magna International Inc., Mitsubishi Electric Corporation, ZF Friedrichshafen AG, BorgWarner Inc., Valeo SE, Hitachi Automotive Systems, NXP Semiconductors, and Dana Incorporated among others are some of the prominent players in the global EV powertrain market.

The top EV powertrain companies are taking part in M&A activity to solidify their position in the industry that is expanding quickly. For instance, in December 2019, Weichai Power Corporation bought Aradex AG. Dana Inc. followed by acquiring Nordesa Inc.

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Recent Developments

  • In July 2019, LG Electronics and Magna International establish a strategic alliance to develop EVs. The transfer agreement has been formally signed by both firms to establish a unit by the name LG Magna e-powertrain in South Korea.
  • FEV Europe GmbH is a leader in automobile powertrain software and component development. It signed an extended contract with electric powertrain supplier Hyliion in July 2021.
  • In June 2021, a separate powertrain production division was launched by Xos. Inc. which is an electric class 5-8 vehicle manufacturer. In the off-highway, commercial, and industrial segments, the new subsidiary is expected to provide Xos, and powertrain technologies, besides designing and integrating experience with other OEMs.

Key Segments

By Vehicle Type:

  • Passenger Cars
  • Buses and Coaches

By Component Type:

  • Electric Motors
  • Inverter
  • Converter
  • Power Distribution Model
  • Transmission
  • Others

By Propulsion Type:

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PEV)
  • Fuel Cell Electric Vehicles (FCEV)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • The Middle East and Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Wide-ranging Coverage of Future Market Insights Automotive Landscape:

Hydrostatic Transmission Market Size revenue could surpass US$ 5.61 billion by 2033, exhibiting a CAGR of 5.1%.

EV Transmission System Market Demand Is currently valued at US$ 8799.9 million in 2023. By 2033, demand for EV transmission systems is expected to reach a high of US$ 45282.3 million.

Automotive Cylinder Liner Market Growth will expand at a CAGR of 5.46% between 2023 and 2033, totaling around US$ 8,322.1 million by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis Indicates Dough Processing System Market’s Journey to US$ 8,152.3 Million by 2032, Bolstered by Consistent 4.4% CAGR

The dough processing system market is poised for significant expansion, with an impressive Compound Annual Growth Rate (CAGR) of 4.4% anticipated from 2022 to 2032. This trajectory aims to elevate the global market from its 2022 valuation of US$ 5,300.0 million to a substantial US$ 8,152.3 million by 2032.

The escalating demand for dough processing systems stems from an increasing consumer preference for processed food items. In today’s fast-paced world, these systems play a crucial role in efficiently producing delightful baked goods, aligning seamlessly with modern consumer preferences. Moreover, as the global workforce expands and lifestyles undergo transformation, the steady growth of such systems is projected throughout the evaluation period, effectively addressing the evolving needs of consumers and industries. This growth trajectory underscores the market’s responsiveness to the dynamic demands of the contemporary culinary landscape and highlights its vital role in meeting the evolving preferences of consumers and industries alike.

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Dough processing systems find application in producing breads, pastries, pizzas, and similar food products. These systems encompass a range of equipment, including mixers, sheeters, laminators, and divider-rounders. By streamlining dough preparation processes, dough processing systems contribute to efficiency gains, leading to reduced time and labor requirements.

The growth of the dough processing system market is primarily propelled by the escalating demand for processed food products. Additionally, the changing consumer landscape, marked by a growing number of working women and evolving lifestyles, is further contributing to the increasing adoption of these systems.

Key Insights from the Dough Processing System Market:

  • North America currently leads the dough processing system market, attributed to factors like substantial wheat production and a strong demand for processed foods in the region.
  • Europe presents an appealing market for dough processing systems due to its sizable population and high consumption of baked goods.
  • According to Future Market Insights, the dough processing system market is projected to grow at a CAGR of 4.4% throughout the forecast period.
  • The Asia Pacific region is emerging as a promising market for dough processing systems, driven by the expanding food and beverage industry.
  • The food industry, a major end-user, is expected to be a key driver of market growth during the forecast period.
  • Applications like bread and pizza crusts stand out as the most popular uses for dough processing systems.

Leading the Competition:

In the highly fragmented dough processing system market, a multitude of players are vying for prominence. Key market contenders encompass Buhler, Brabender, Allied Bakery Equipment, and Euro-Machines.

Anticipated to experience robust expansion, the dough processing system market is poised for growth, fueled by the escalating demand for bakery products and confectioneries. As disposable incomes rise and lifestyles evolve, the market’s trajectory is set to ascend.

Heading the forefront of market growth are anticipated leaders such as Middleby Corporation, Welbilt, Markel Food Group, JBT Corporation, ITW Food Equipment Group, Sinmag, and Wiesheu.

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Shaping the Competition:

The dough processing system industry is primed for substantial growth in the next decade, fueled by the escalating global demand for bakery products and confectioneries. With rising disposable incomes and evolving lifestyles, key industry players are poised to introduce advanced systems to cater to this burgeoning market.

In September 2022, König Maschinen GmbH, an Austrian bakery equipment manufacturer, unveiled its cutting-edge dough divider, the Ceres 2.2. This innovative solution addresses the unmet demand for exceptional weight accuracy, gentle dough handling, and optimal dough yield. The machine’s design prioritizes ease of maintenance and cleaning, incorporating sensor technology, an electronic weighing system, and an expanded dividing range.

Key Segments:

By Product Type:

  • Dough sheeters
  • Dividers
  • Mixers
  • Moulders

By Application:

  • Breads
  • Pizza crusts
  • Cakes & Pastries
  • Cookies & biscuits

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Asia pacific
  • Eastern Europe
  • Western Europe
  • Japan

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Horse Drawn Farming Equipment Market Envisions Noteworthy US$ 7.66 Billion by 2033 with Steady 5.5% CAGR Growth, FMI Analysis Reveals

The horse drawn farming equipment market is on the brink of significant expansion, with an admirable Compound Annual Growth Rate (CAGR) of 5.5% forecasted for the foreseeable future. Beginning with an estimated valuation of approximately US$ 4.48 billion in 2023, the market is expected to achieve an impressive US$ 7.66 billion by 2033.

Rooted in the historical significance of horses and equines in agriculture, particularly during the 18th and 19th centuries, horse-drawn farming equipment has historically played a pivotal role in essential farm machinery such as ploughs, harrows, and threshing machines. Despite a decline in usage following the advent of mechanized tractors and modern agricultural machinery, there is a noticeable resurgence of interest in horse-drawn farming equipment, particularly in regions where tradition and necessity intersect.

This resilience reflects a continued appreciation for the historical roots of farming practices, establishing a unique niche for horse-drawn equipment in contemporary agriculture. The projected growth signifies a sustained and robust market, highlighting the enduring appeal of these traditional farming methods amidst evolving technological advancements.

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Horse drawn farming was popular in the early days of agriculture, however, tractors and other automated equipment had already entirely overtaken it. Yet there are still areas of the world where farm machinery is pulled by horses. This is apparent, especially in places where access to mechanized equipment is constrained or where riding horses is customary.

Horse-drawn agricultural machinery is typically employed in poor nations for small-scale, organic, and ecological farming. As people are becoming more conscious of the ecological and social advantages of sustainable farming, there is a growing demand for food that has been grown organically. Horse-drawn equipment deployment reduces greenhouse gas emissions as horses don’t need gasoline. So, compared to tractors, this method of farming produces less carbon output.

Despite being a small sector, it has recently experienced growth as more individuals have begun to choose sustainable and conventional agricultural methods. Thus, there is less reliance on fossil fuels. Owing to horses’ capacity to till the soil without compacting it, it can also enhance soil quality and reduce land degradation.

The horse drawn farming equipment market is dominated by North America. Among small-scale farmers who are committed to preserving conventional practices and machinery, there remains a growing market for horse-drawn farming equipment.

Key Takeaways:

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 9%through 2033.
  • The United States dominated the market in 2022 holding a 30.1%share of the global market.
  • In 2022, Japan held a 7%market share globally.
  • With a CAGR of 5%over the forecast period, India is predicted to develop rapidly in the market.
  • The market in China is expected to proliferate, registering a CAGR of 4%over the forecast period.
  • Germany accounted for 7%of the global market in 2022.

Key Players:

  • Alberta
  • Capodanno Villa Mazzucchelli
  • Innoquest, Inc.
  • Aaron Martin
  • Attelmat
  • Avril Industrie
  • B W Macknair & Son
  • B Z Machinery

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Recent Developments:

  • To make room for more equipment, I&J Manufacturing expanded the plant in 2021. I&J Manufacturing currently manufactures accessories for tractors in addition to horse-drawn equipment, serving the United States.
  • To this day, Pioneer Equipment Inc. continues to be a leader in equipment invention. Following the establishment of Ackerman’s Equipment & Rental in 2018 and the procurement of Mt. Hope Elevator in 2020, the company witnessed a series of reforms. It is now able to serve the wider population in more capacities than it did with only Pioneer Equipment offerings.

Key Segments:

By Type:

  • Sweep
  • Mower
  • Vegetable Digger

By Sales Channel:

  • Direct Sales
  • Retail Sales

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electric Vehicle Thermal System Market Set to Surge at 21.4% CAGR, Anticipating US$ 15,600.9 Million Valuation by 2033

The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to reach a valuation of US$ 15,600.9 million by the conclusion of this forecast period.

The main driver fueling the expansion of the thermal system for the EVs market is the rising popularity of zero-emission cars in various parts of the world. Sales of EVs have increased significantly in nations like China, Norway, and the United States, establishing an advanced EV thermal system market.

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The need for electric-powered automobiles has compelled manufacturers to create better heat management technologies, as the use of heat has been eliminated. Rapid charging technologies and battery size reduction are anticipated to increase the sales of EVs, indirectly driving the sales of EV thermal systems. Moreover, the growth in demand for EV thermal systems is probably going to be supported by technical developments in the area of battery heat management.

Key Takeaways

  • The United States captures a total market share of 10.8% of the revenue and leads the global market through higher investment in research and development.
  • Germany is the second leading market in the world for sales of EV thermal systems and sets the trend in Europe. The German EV thermal system market is projected to reach US$ 1,240 million by the end of the year 2033.
  • In Asia Pacific, India is witnessing a higher growth trend with an upsurge in sales of electric vehicles in the country. During the forecast years, the CAGR to be registered by the country is about 22.8%.

Competitive Landscape

Borg Warner Inc., Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Robert Bosch GmbH, Mahle GmbH, VOSS Automotive GmbH, Modine Manufacturing Company, Gentherm, CapTherm Systems, LG Chem Ltd., Visteon Corporation are a few key players in the global EV thermal system market.

Recent Developments in the EV Thermal System Industry

  • In May 2022, Modine Company unveiled its brand-new EVantage Series of thermal systems for commercial electric vehicles. This system concentrates on enhancing the safety, range, and battery life of industrial EVs. For all loads, the system maintains traction motor and power electronics cooling.
  • In May 2022, Eberspaecher Company introduced its brand-new H2-ICE thermal exhaust system for hydrogen fuel electric vehicles (FCEVs). This new exhaust system guarantees the appropriate operation of the entire system, while taking into account the particular needs of this fuel. This would keep an eye on rules governing exhaust gases, including NO2, contaminants, and unburned hydrocarbons generated by the hydrogen FUEL engine.
  • in February 2022, BorgWarner Inc. declared that the company had supplied the iX and i4 with fully electric architectures for the BMW Group. With this ground-breaking High-Voltage Coolant Heater (HVCH) solution, the company would aid in the management of the battery and cabin temperature, increasing the EV’s longevity and driving range.
  • The Denso Company said that they have created a brand-new battery-monitoring integrated circuit (IC) for lithium-ion batteries in the year 2020. This new IC increases fuel economy and increases the range of HEVs and BEVs both. Detecting voltage levels while keeping an eye on many batteries is also helpful, consequently growing the market portfolio of the organizations.

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Key Segments

By System Type:

  • Heating Ventilation and Air Conditioning (HVAC)
  • Power Train Cooling
  • Fluid Transport
  • Others

By Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Application:

  • Engine Cooling
  • Air Conditioning
  • Heated Steering
  • Waste Heat Recovery
  • Transmission System
  • Heated or Ventilated Seats
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa (MEA)

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Electric Scooters Market:

https://www.futuremarketinsights.com/reports/electric-scooters-market

Electric Bike Market:

https://www.futuremarketinsights.com/reports/electric-bike-market

Railway Telematics Market:

https://www.futuremarketinsights.com/reports/railway-telematics-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis Indicates Beer Fermenter Market’s Journey to US$ 1,609.7 Million by 2033, Driven by a Steady 3.4% CAGR

Future Market Insights (FMI) has forecasted substantial growth for the global beer fermenter market, with a projected valuation of US$ 1,152.2 million in 2023. Anchored by a steady Compound Annual Growth Rate (CAGR) of 3.4% from 2023 to 2033, the market is poised for robust expansion, expected to reach an impressive US$ 1,609.7 million by 2033.

At the heart of this flourishing industry lies the indispensable beer fermenter, orchestrating the intricate transformation of wort into beer through the yeast fermentation process. This process involves yeast metabolizing sugars within the wort, culminating in the creation of beloved beverages enjoyed worldwide, characterized by the effervescent touch of carbon dioxide gas. Beer fermenters come in a diverse array of shapes and sizes, catering to various brewing preferences and techniques, including conical, cylindrical-conical, horizontal, and unitank configurations. These vessels are meticulously designed to optimize the fermentation process for different beer types, underscoring their significance in ensuring the quality and distinct character of the final product.

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Key Takeaways from the Beer Fermenter Market Study:

  • A 38% CAGR is anticipated for the North America market for beer fermenters from 2023 to 2033.
  • The United Kingdom market for beer fermenters is expected to grow at a 5% CAGR between 2023 and 2033.
  • In 2023, the United States is predicted to experience a 7% rise in demand for beer fermenters.
  • Germany, China, and the United Kingdom are estimated to be among the most lucrative beer fermenter markets from 2023 to 2033.

Get Valuable Insights into Beer Fermenter Market:

FMI, in its new offering, provides an unbiased analysis of the beer fermenter market presenting historical demand data (2017 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for beer fermenter equipment based on product material (stainless steel fermenters, glass fermenters), application (commercial kitchen, household kitchen) & region forecast to 2023 to 2033.

Competition Landscape: Beer Fermenter Market

ABE Equipment, GEA Group, Criveller Group, MiniBrew, Portland Kettle Works, iGulu, Specific Mechanical Systems, FLECKS Brauhaus Technik GmbH, BrewBilt Manufacturing, Psycho Brew, Shandong Grain Machinery Co. Ltd., Shanghai Heng Cheng Beverage Equipment Co., and Yantai Di Bo Shi Brewing Machine Co., Ltd. are leading players in the global beer fermenter market.

Between 2023 and 2033, these companies are projected to invest heavily in research and development for improving their products. Collaborations are also likely as leading players attempt to increase market share and establish strong footholds.

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Beer Fermenter Market by Category:

By Product Material:

  • Stainless Steel Fermenters
  • Glass Fermenters

By Application:

  • Commercial Kitchen
  • Household Kitchen

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Commercial Vehicle Automotive Thermal System Market Poised to Reach US$ 25.40 Billion by 2033 with a Steady 4.33% CAGR

It is expected that the commercial vehicle automotive thermal system market may increase from US$ 16.62 billion in 2023 to around US$ 25.40 billion by 2033, at a CAGR of 4.33%.

In a commercial vehicle, the automotive temperature control system uses technology to maintain a temperature that is optimal for all components. This technology relies on thermodynamics and heat transfer principles.

Thermal management encompasses various forms of heat transfer, such as convection, conduction, and radiation, involving different processes. The modern thermal management system includes cooling and air-conditioning systems. Vehicle scrappage programs, aggressive infrastructure development, and rural development are all expected to fuel the industry’s growth.

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Regulatory standards may also be imposed on the industry to ensure that vehicles meet stringent weight and length requirements. Growth is also expected due to mining activities resuming in some parts of the world, which are driving demand for tippers.

“The market is likely to grow due to the increase in construction and e-commerce activities that have increased the demand for material transportation. Furthermore, the transition to electric vehicles is expected to provide opportunities for the market to grow.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

  • The commercial vehicle automotive thermal system market is expected to record a CAGR of 4.33% over the forecast period.
  • According to estimates, the commercial vehicle automotive thermal system market in North America may remain strong.
  • The United States may have the leading share of the North American market with 58% of the market.
  • The battery segment is expected to register at a CAGR of 5.74%.

Competitive Landscape:

Several prominent companies dominate this market including BorgWarner (United States), Dana Incorporated (United States), Grayson Thermal Systems (United Kingdom), Hanon Systems (South Korea), Eberspacher (Germany), Valeo SA (France), Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH. (Germany), Mahle GmbH (Germany)

Companies in emerging and economically advantageous regions are collaborating with governments to gain bulk orders and boost sales. Key manufacturers are strengthening their presence in the market and staying ahead of the competition through facility expansion, new product launches, and approvals.

Recent Developments:

  • New Jeeto Plus CNG, CharSau, introduced by Mahindra and Mahindra in August 2022, offers the maximum mileage, maneuverability, and payload in the segment, resulting in higher profit margins for both inter-city and intra-city applications. Due to its several standout features, small and medium-sized businesses and traders in India may benefit from this last-mile transportation solution.
  • Modine launched a comprehensive series of Thermal Management Systems for commercial EVs in May 2022. In commercial EVs, this series improves performance, range, battery life, and safety. It keeps the traction motors and power electronics cool at all times.
  • Eberspaecher launched the H2-ICE exhaust system for hydrogen engines in May 2022. This system demonstrates that the exhaust system of a hydrogen engine is functioning correctly, considering the requirements of the fuel. Nitrogen oxides, small particles, and unburned hydrocarbons can all be monitored by this exhaust system.
  • The Better Plants initiative has been launched by Denso, a leading Japan-based mobility supplier, in partnership with the Department of Energy (DOE). Denso plans to invest in fuel-efficient thermal systems as part of this initiative. Denso’s commitment to reduce energy consumption by 40% by 2035, aligns with the company’s energy reduction goal.

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Market Segmentation by Category

By Application:

  • Front & Rear AC
  • Engine & Transmission
  • Seat
  • Battery
  • Waste Heat Recovery
  • Power Electronics
  • Motor

By Vehicle Type:

  • Light Commercial Vehicles
  • Medium Commercial Vehicle
  • Heavy Commercial Vehicle

By Propulsion Type:

  • ICE
  • BEV
  • PHEV
  • FCEV

By Component:

  • HVAC
  • Powertrain Cooling
  • Fluid Transport
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube