Automotive Electric Power Steering Market  Steering Wheel, Steering Column, Sensors, Steering Gear Industry Forecast, 2021-2027

An automotive electric power steering comprises an electric motor to assist during driving a vehicle. It enhances the driving experience and fuel effectiveness. The consistency of the steering has developed and improved, which boosted its participation in almost every category of vehicle. The automotive electric power sensors detect the position and torque of the steering column and apply assistive torque via the motor, which connects to either the steering gear or steering column. Therefore, the increase in demand for luxury in automotive electric power steering is expected to boost the market over the forecast period.

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COVID-19 scenario analysis:
  • The global automobile sector has faced the severe challenges during the COVID-19 pandemic as the production houses got closed, inventories started overflowing, and the demand completely subsided.
  • Services across the globe have halted due to the ban on transportation. Airlines and ships stopped operating in many countries, which made cargo transportation impossible. This is estimated to result in huge losses to manufacturers.
  • Automobiles makers, consumer electronics, and pharmaceuticals in various countries rely on China and other developed countries for the supply of several raw materials. However, due to the pandemic, this got severely affected. 
  • The supply chain has been broken for a very long while now due to lockdown and the demand has completely subsided, which are estimated to take a very long time to revive.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Regulatory push toward efficient technologies and global measures by OEMs to reduce the complexity and weight of vehicles are expected to drive the market growth over the forecast period. However, higher cost of electric power steering compared to traditional steering systems is expected to restrain the growth of the market. Furthermore, penetration in commercial vehicles and enabling ADAS features in electric power steering are estimated to create lucrative opportunities for the market.

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Regulatory push toward efficient technologies 

Manufacturing companies are regularly innovating and manufacturing techniques to enhance customer’s luxury in their automobiles vehicles. In addition, the safety & security feature has been prioritized as there is an increase in the number of accidents. Therefore, companies are adapting to a better safety system, which is further expected to boost the automotive electric power steering market growth over the forecast period.

Global measures by OEMs to reduce complexity & weight of vehicles 

Automobile manufacturers incorporate several systems in vehicles that complicate their design or increase the weight of the vehicle. Advanced safety & security features are no longer restricted to premium vehicles. Therefore, consumers are now more concerned about safety systems and technologies, and more interested in opting for vehicles that are equipped with better safety systems.

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Automotive Electric Power Steering Market Report Highlights

AspectsDetails
By ComponentsSteering WheelSteering ColumnSensorsSteering GearMechanical Rack and PinionElectronic Control UnitElectric MotorBearing
By Electric MotorBrush MotorBrushless Motor
By ApplicationPassenger Cars (PC)Commercial Vehicles (CV)
By Electric VehicleBEVPHEVHEV
By RegionNorth America  (US, Canada)Europe  (Germany, UK, France, rest of Europe)Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)Latin America  (Brazil, Mexico, rest of LATAM)the Middle East Africa 
Key Market PlayersRobert Bosch, JTEKT, Nexteer, ZF, NSK, Delphi, GKN, Federal-Mogul, Hyundai Mobis, Showa Corporation

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Automotive Thermoelectric Generator Market – https://www.alliedmarketresearch.com/automotive-thermoelectric-generator-market-A08754

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Synthetic Lubricants Market Size, Share, Growth, Application, Geography, Forecasts 2019-2026

The report offers key drivers that propel the growth in the global synthetic lubricants market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions. The global synthetic lubricants industry generated $12.0 billion in 2018, and is expected to reach $18.8 billion by 2026, registering a CAGR of 5.8% from 2019 to 2026, According to the report by Allied Market Research.          

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Based on base oil, the PAO segment held the largest market share in the global synthetic lubricants market, contributing for more than two-fifths of the total market share in 2018, and is estimated to maintain its dominant position during the forecast period. This is due to its wide applications in automotive sectors specially in passenger cars along with its features such as high viscosity index and hydrolytic stability. However, the esters segment is estimated to grow at the fastest CAGR of 5.8% from 2019 to 2026, owing to its characteristics such as low- and high-temperature performance and good solvency.

Surge in production and sales of automotive, rise in popularity of synthetic lubricants, and development of transportation infrastructure drive the growth of the global synthetic lubricants market. However, variations in raw material prices hinder the market growth. On the other hand, emergence of industrialization in the African region opens up new pathways for the market.

Based on end use, the engine oil segment contributed for nearly half of the total share of the global synthetic lubricants market in 2018, and is expected to continue to lead during the forecast period. This is attributed to boost the efficiency of the vehicle by extending the overall vehicle life cycle. However, the hydraulic fluid segment is estimated to register the highest CAGR of 6.3% from 2019 to 2026, owing to its properties such as lubrication and corrosion resistance in heavy hydraulic machinery along with growing industrialization and process automation.

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Based on region, Europe is expected to portray the highest CAGR of 6.2% from 2019 to 2026. This is attributed to implementation of new emission norms that add benefit to Europe manufacturers in the automotive sector and sustained high frequency of airline and automotive transport. However, North America would register the second-highest growth rate, with a CAGR of 5.9% during the forecast period. On the other hand, Asia-Pacific accounted for the highest market share in 2018, contributing for nearly two-fifths of the global synthetic lubricants market, and will maintain its lead position in terms of revenue throughout the forecast period. This is due to the highest automotive production and sale in China, established automotive sector in countries including Indonesia, Japan, and India, and economic growth.

Leading market players

1. Royal Dutch Shell PLC
2. ExxonMobil Corporation
3. British Petroleum (Bp) PLC
4. Chevron Corporation
5. Total SA
6. Idemitsu Kosan Co. Ltd.
7. Sinopec Limited
8. Lukoil
9. Petroliam Nasional Berhad (Petronas)
10. Indian Oil Corporation Ltd.

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Hydraulic Fluids Market Analysis and Industry Forecast, 2020–2027

Alcohol Enzymes Market Analysis and Industry Forecast, 2020–2027

About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.   

Event Services Market to Generate $1.34 Trillion by 2031, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the event services market across LAMEA is anticipated to grow at the fastest CAGR during the forecast period.

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Allied Market Research published a research report on the event services market. The findings of the report states that the global market for event services generated $515.80 billion in 2021, and is projected to reach $1.34 trillion by 2031, witnessing a CAGR of 7.6% from 2022 to 2031. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on the drivers, restrains, and opportunities to help the market players devise several growth strategies. Significant increase in business activities such as conference/seminar, brand promotions, and employee training activities, development in the tourism & hospitability sectors, and growth in IT hubs across the globe drive the growth of the global event services market. Moreover, surge in business activities spikes demand for the services of event planners, personnel service providers, and furniture & equipment rental services, which paves the way for new opportunities in the coming years.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the event services market globally. The outbreak of the pandemic had a negative impact on the global event services market, due to strict implementation of lockdown measures. The lockdown gave way to cancellation of all the exhibitions, in-person meetings, trade shows, and seminars. At the same time, huge decline in the international tourist arrivals hampered the market growth even more. However, market has already started getting back on track.

“Venue and catering are two most expensive components in the event services industry. Location of the event and food & beverages served during event significantly influence the success of the event. Surge in penetration of the digital technologies, owing to the presence of developed IT and telecommunications infrastructure contributes toward the growth of the market. Proliferation of digital technologies drives the growth of the hybrid events across the globe.” Manager, Consumer.

Roshan Deshmukh,

The report offers detailed segmentation of the global event services market based on service, event type, end-user, organization, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

By service, the location rental segment garnered the major market share in 2021, holding nearly one-third of the global event services market, and is projected to maintain its leadership status throughout the forecast period. On the other hand, the virtual or hybrid event enabler segment is expected to manifest the fastest CAGR of 9.8% from 2022 to 2031.

By end user, the entertainment segment contributed to the highest share in 2021, accounting for more than one-fourth of the global market, and is anticipated to maintain its lead position during the forecast period. The same segment is also expected to portray the largest CAGR of 8.6% from 2022 to 2031.

By region, Europe held the major market share in terms of revenue 2021, holding more than one-third of the global event services market. Simultaneously, the LAMEA region is expected to cite the fastest CAGR of 9.9% from 2022 to 2031.

The leading market players analyzed in the global event services market report include FX Group Ltd., ATPI Ltd., Bassett Events, Inc., Intelligent Protection International Limited, Wonderland International Security Agency, Martin Auto Ltd., Access Destination Services, BCD Group, and StubHub.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Global Outdoor Fitness Equipment Market to Generate $1.8 Billion by 2030: Allied Market Research

Surge in incidence of obesity, development of new equipment to provide improved experience, and rise in trend of open gyms and fitness centers drive the growth of the global outdoor fitness equipment market. Based on region, North America contributed to the highest market share in terms of revenue in 2020. The demand for outdoor fitness equipment was reduced during the initial period of pandemic.

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According to the report, the global outdoor fitness equipment industry generated $1.5 billion in 2020, and is anticipated to generate $1.8 billion by 2030, witnessing a CAGR of 4.3% from 2016 to 2030.The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Roshan Deshmukh, Consumer Goods at Allied Market Research, stated, “Customers in emerging nations such as India and Brazil are likely to be drawn in by innovative types of outdoor exercise equipment with a variety of functions. The developed markets, on the other hand, are expected to be driven by high-end equipment with sophisticated and advanced user interaction.”

COVID-19 scenario:

  • The outdoor gyms and fitness centers were closed due to lockdown restrictions during the Covid-19 pandemic to avoid the possibility of cross-contamination. This reduced the demand for outdoor fitness equipment during the initial period of pandemic.
  • In addition, the economy uncertainty led to postponement of plans regarding launching new outdoor fitness centers and gyms. This affected the demand for equipment.
  • However, the demand is expected to recover post-pandemic as outdoor gyms and fitness centers open and new centers launch.

The report offers detailed segmentation of the global outdoor fitness equipment market based onproduct type, application, and region.

Based on product type, the action series segment accounted for the highest market share in 2020, contributing to nearly half of the global outdoor fitness equipment market, and is expected to maintain its leadership status during the forecast period. However, the heavy duty series segment is expected to witness the highest CAGR of 5.4% from 2021 to 2030.

Based on application, the outdoor gyms segment held the highest market share in 2020, accounting for more than one-fourth of the global outdoor fitness equipment market, and is expected to maintain its lead position during the forecast period. 

Based on region, North America contributed to the highest market share in terms of revenue in 2020, accounting for around one-third of the global outdoor fitness equipment market, and is expected to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 5.8% during the forecast period.

Leading Market Players

  • Kompan. A/S
  • Landscape Structures Inc.
  • Outdoor Fitness, Inc.
  • PlayCore Inc.
  • Proludic Ltd
  • SportsPlay Equipment, Inc
  • Stayfit Health and Fitness World Private Limited
  • The Great Outdoor Gym Company Ltd
  • Wicksteed Leisure Ltd
  • Xccent, Inc

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Global Aromatherapy Products Market to Garner $5.3 Billion by 2031: Allied Market Research

Asia-Pacific is expected to register the highest CAGR of 11.5% from 2022 to 2031. However, the market across North America would dominate the market in terms of revenue, accounting for nearly two-fifths of the market

As per the report published by Allied Market Research, the global aromatherapy products market is projected to reach $5.3 billion by 2031, growing at a CAGR of 9.0% from 2022 to 2031. The report highlights the market potential, market characteristics, competitive landscape, and growth by segmentation.

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Roshan Deshmukh, Manager, Consumer Goods at Allied Market Research, stated, “Increase in awareness among consumers about health benefits of essential oil and adoption in spa & relaxation therapy have boosted the growth of the global aromatherapy products. However, limited availability of raw materials and long extraction processes hinder the market growth. On the contrary, increase in demand from wellness tourisms would open new opportunities in the future.”

Covid-19 pandemic impact on the market:         

  • The demand for aromatherapy products increased during the pandemic due to increased importance as several patients were suffering from mental health problems.
  • Increased cases of depression and anxiety fueled the demand for sandalwood and jasmine essential oils to overcome stress during the pandemic.

The global aromatherapy products market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. Asia-Pacific is expected to register the highest CAGR of 11.5% from 2022 to 2031. However, the market across North America would dominate the market in terms of revenue, accounting for nearly two-fifths of the market.

The global aromatherapy products market is segmented on the basis of product, application, form, and distribution channel.

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Based on product, the essential oils segment is expected to maintain its dominance in terms of share during the forecast period. However, the blend oils segment would register the highest CAGR of 9.6% from 2022 to 2031.

On the basis of application, the skin and hair care segment is expected to register the highest CAGR of 10.7% during the forecast period. However, the relaxation and sleep segment would hold the lion’s share through 2031.

The global aromatherapy products market report includes an in-depth analysis of the major market players such as dōTERRA , Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin and H.Reynaude & Fils.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Contact us:

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Global Gym Accessories Market to Generate $12.01 Billion by 2031: Allied Market Research

Rise in prevalence of obesity, surge in health consciousness, increase in the number of gym memberships, growing sale of in-home equipment, and emergence of several government initiatives to promote healthy life boost the growth of the global gym accessories market. Based on region, Asia-Pacific held the major share in 2021, generating more than two-fifths of the global gym accessories market.

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According to the report published by Allied Market Research, the global gym accessories market generated $6.51 billion in 2021, and is anticipated to hit $12.01 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Roshan Deshmukh, a Manager, Consumer Goods at Allied Market Research, stated, “Improvement in economic condition and growing health concerns are the two key factors that propel the growth of the market. The growing health awareness and need for an active lifestyle worldwide is a key driver for the growth of the connected gym accessories market. Sedentary lifestyle, changing eating habits have led to various health risks. Therefore, increase in awareness regarding regular physical activity along with good habits to stay healthy, to maintain a youthful appearance, and to reduce healthcare expenditure have raised the demand for smart gym accessories at residential and commercial spaces.”

COVID-19 scenario:

  • Disruptions related to reduced production capacity, human resources, and transportation had a sheer negative impact on the global gym accessories market.
  • Shortage of raw materials, on the other hand, gave way to increased prices and encouraged the usage of alternative products, which worsened the condition even more.
  • Strict restrictions on the closure of gymnasiums across the majority of countries diminished the demand for gym accessories altogether. However, the market has almost recovered slowly and steadily.

The report offers detailed segmentation of the global gym accessories market based on type, end user, distribution channel, and region.

By end-user, the health club/gym segment contributed to nearly two-fifths of the global gym accessories market share in 2021, and is expected to lead the trail by 2031. The corporate office segment, on the other hand, is expected to exhibit the fastest CAGR of 9.3% from 2022 to 2031.

Based on distribution channel, the specialty stores segment generated nearly two-fifths of the global gym accessories market revenue in 2021, and is expected to lead the trail by 2031. The online sales channel segment, on the other hand, would manifest the fastest CAGR of 9.8% from 2022 to 2031.

Based on region, Asia-Pacific held the major share in 2021, generating more than two-fifths of the global gym accessories market. The same region would also garner the fastest CAGR of 6.2% by 2031. Other regions mentioned in the report include North America, Europe, and LAMEA.

Leading players of the global gym accessories market analyzed in the research include Icon Health & Fitness, Torque Fitness, Core Health & Fitness, Naitilus, Inc, Techno gym S.p.A, Peloton Interactive, Antasports, Lifefitness, Aerofit, beingstrong, sfhealth, jeraifitness, Proform, Fitness World AS, Hammer Sport AG, and Rogue Fitness.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Fermentation Ingredient Market global industry analysis, share, statistics, trends, opportunities and forecasts by 2029

Fermentation is a biological process that converts sugar to acids, gases, and alcohol. Grains and fruits are fermented to produce alcohol products such as beer and wine. The healthiest products of fermentation ingredients include lactic acid and ethanol. Lactic acid is regarded as pre-stage material for polylactic acid (PLA). Polylactic acid is proposed an efficient polymer to substitute petroleum-based plastic products. Polymer (polysaccharides) is used widely in food thickening and oil drilling applications. Different enzymes are widely used in bio-refineries. Ascorbic acid and Riboflavin are the most important vitamins derived from fermentation process.

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This report projects the global fermentation ingredient market with trends and opportunities and its demand by 2022. This research study includes qualitative and quantitative analysis with comprehensive research methodologies and reliable projection to understand the present overview and predicting the market behavior during the forecast period. Our research teams have used various secondary resources and directories such as industrial databases, journals, and magazine along with primary resources coupled with industry oriented measures such as industry related expert interviews to obtain key information and valuables, which makes it an asset for players in the market.

Rise in demand for its fermentation-derived products among end-user industries drive the global fermentation ingredient market. This market has seen a sharp rise based on factors, such as growth of bio-ethanol and antibiotics industry in China. Rise in awareness among users for consumption of quality food, the polymer fermented ingredients market is expected to show rapid growth when compared to other types. North America majorly accounts for fermentation ingredient products. Threat from new entrants, surge in prices of raw materials and rapid developments of synthetic alcohol production is projected to restrain the growth. Moreover, budget allocation, accessibility of cheap raw material, and health risks due to fermentation pose threat to the growth of this market.

The fermentation ingredient market is segmented by process, type, end-user industry, and geography. It is segmented by process type as batch, continuous, and others. Others include aerobic and anaerobic processes. Based on the type it is categorized into amino acids, antibiotics, polymers, and others. Others include vitamins, enzymes, biogas, and organic acids. Furthermore, based on end-user industries it can be categorized as food & beverages, biopharmaceutical, agriculture, and others. Others include bioremediation, environment, and biochemistry. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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On September 25, 2015, Ajinomoto Co., Inc invested USD 20 Million at the Oakland Plant of Ajinomoto Windsor, Inc (AWI) to expand their frozen rice products production business in North America and full scale operations started in September 2016.

Major players operating in this market are Lallemand Inc. (Canada), Ajinomoto Corporation (Japan), Lonza (Switzerland), Angel Yeast Company ltd. (U.S.), Purolite Corporation (U.S.), Koninklijke DSM N.V (Netherlands), and Olon S.p.A (Italy).

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KEY BENEFITS FOR STAKEHOLDERS:

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2014-2022, which assist in identifying the prevailing market opportunities.
  • This report provides a deep analysis of drivers and restraints on the market growth
  • It offers an in-depth analysis of segmentation of fermentation ingredient within the market.
  • Key players operating in the fermentation ingredients in recent years are listed.
  • An in-depth analysis of current research and clinical developments within fermentation market is provided with key market dynamic factors that helps understand the behavior of the market.
  • This study evaluates competitive landscape and value chain to understand the competitive environment across the geographies.

Reasons to Buy this Fermentation Ingredient Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you’re looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Lithium-Iron Phosphate Batteries Market Segmentation & Key Trends To 2030

Lithium Iron Phosphate Batteries Market Top Participants

The major companies profiled in Lithium-Iron Phosphate Batteries Market report include BYD, A123 Systems, Electrical Vehicle Power System Technology, OptimumNano Energy, K2Energy, Pihsiang Energy Technology, Victory Battery Technology, Power Sonic, Lithium Werks, and Benergy Technology Company.

According to a new report published by Allied Market Research, the global lithium-iron phosphate batteries market size was valued at $5.6 billion in 2020, and lithium-iron phosphate batteries market forecast to reach $9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.

Asia-Pacific regional market is projected to grow at the highest CAGR in terms of revenue, during the forecast period.

By type, the portable segment accounted for the largest lithium-iron phosphate batteries market share in 2020.

As per lithium-iron phosphate batteries market analysis, on the basis of capacity, the 100,001–540,000 mAh segment accounted for the largest market share in 2020.

On the basis of application, the automotive segment accounted for the largest market share in 2020.

Rapidly increasing electric vehicle demand, especially in developing countries, such as India, Indonesia, and others, has led to increase in demand for lithium-iron phosphate batteries across the globe.

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Technological advancements and product innovations such as form factors, increased battery life & performance, and sustainable battery management system have positively impacted lithium-iron phosphate batteries market growth during the forecast period.

The automotive industry and industrial sector are two major prominent application areas that have witnessed rise in demand for lithium-iron phosphate batteries in recent years and are also anticipated to provide positive support toward the growth of the global lithium-iron phosphate batteries industry during the forecast period.

Lithium-iron phosphate batteries possess high benefits than alternative battery types such as highly efficiency, high temperature operation, and light-weighted technology, making lithium-iron phosphate batteries to be the favorable batteries in several end-use application areas such as electric vehicles, power generation plants, and others.

In addition, lithium-iron phosphate batteries have a considerably greater energy density making them excellent choice for material handling equipment such as mobile robots, fork lifts, ground support equipment, and others. It also plays an important role as a backup energy power supply to data processing centers, precision manufacturing industries, and chemical material industries.

Lithium-iron phosphate batteries are used in medium-power and heavy-duty traction application due to their high-power density property as well as they are designed in modular form to equip a few kilowatts hour for small industrial equipment to several mega-watt hour for heavy industrial equipment.

Impact Of Covid-19 On The Lithium-iron Phosphate Batteries Market

The COVID-19 pandemic has unfavorably affected the global economy and subsequent weakening of the GDP in global economies, thereby fluctuating consumer spending patterns across the globe.

A few of the challenges were original equipment manufacturing shutdown, unavailability of labor, raw material shortage, which, in turn, directly impacted the global lithium-iron phosphate battery manufacturers.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Nuclear Energy Market Outlook, Industry Report & Forecast To 2029

The report includes an explicit breakdown of the major driving factors, market trends, major market players, and top investment pockets. It focuses on how the recent technological encroachments have influenced the growth of the nuclear energy market. The state-of-the-art strategies implemented by the market players are also conferred in the report. Moreover, a depiction of how these players have assimilated several strategies to withstand the intense competition in the industry has put on immense value to the report.
Surge in population and improvement in lifestyle have boosted the demand for energy. Moreover, the demand for energy is driven by increase in industrialization and rise in urbanization in emerging economies.

Increase in demand has encouraged companies and governments of various countries to invest in the nuclear energy market. Furthermore, the depletion of fossil fuels and alarming rise in pollution have become major environmental concerns, and thus the usage of nuclear energy has increased, globally.

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The usage of nuclear energy is more economical on a large scale than using conventional fuel. For instance, a pellet of nuclear fuel weighing approximately 6 grams can produce the amount of energy that will be produced by a ton of coal or by over 120 gallon of oil.

It is highly essential to comprehend the widespread value chain to obtain a deep understanding of the market. To attain this, AMR accumulates data from the top administrators in the industry. Furthermore, technical data is congregated from the intellectual property standpoint, whereas technical drifts are assimilated from exhaustive assessments, technical conventions, and trade bulletins. This study confers an informative depiction of the global market along with the recent trends and future valuations to support the investment pockets.

Porter’s five forces analysis, on the other hand, validates the influence of buyers & suppliers in the market. The report offers a detailed market study based on economical force and how the global competition will shape up in the near future.

Segmental Analysis-

The nuclear energy market is classified on the basis of segments such as technology, and fuel. Moreover, the report also contains detailed regional analysis of the market.

Competitive Analysis

The report takes in an analysis of the major market players active in the global nuclear energy market. It emphasizes on the business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations incorporated by these market players to reinforce their position in the market. The market report takes account of statistics, tables, and charts to present a detailed study of the industry.

Analysis of COVID-19 impact

The COVID-19 pandemic has impacted the global nuclear energy market negatively along with altering the entire market scenario. The report delineates the impact of the lockdown across the world and how the ban on international travel that has disrupted the total value chain, thereby leading to a global crisis. The report also examines the post-COVID-19 scenario along with portraying how the rollout of mass vaccination programs by several government bodies is going to help the global nuclear energy market recoup soon.

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KEY MARKET SEGMENTS

By Technology

  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Fast Breeder Reactor
  • Advanced Gas Cooled Reactor
  • Uranium Reactor

By Fuel

  • Uranium-235
  • Uranium-233
  • Plutonium-239

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Major Players operating

  • Panasonic Corporation
  • Honeywell International Inc.
  • Texas Instruments Incorporated
  • Emerson Electric Company
  • ABB Ltd.
  • NXP Semiconductors
  • Microchip Technology Incorporated
  • ABB Limited
  • On Semiconductor
  • Maxim Integrated

Global Smart Stadium Market Expected to Reach $22,101.9 Million by 2025-AMR

Increased focus on fan engagement and ongoing efforts to enhance their experience among the sports arenas, initiatives for energy-efficient buildings, and government regulations of public safety & security in stadium majorly drive the growth of the global smart stadium market size.

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The global smart stadium industry was led by the public safety and security segment in 2017, and is projected to maintain its dominance during the forecast period. However, the building automation management segment is expected to witness the highest growth rate.

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According to smart stadium market analysis, the on-premise based smart stadium solutions dominated the global market in 2017, as on premise solutions provide better and flexible maintenance of servers and continuous system. Furthermore, cloud-based segment is expected to grow at the highest CAGR during the forecast period, due to surge in demand for cloud-based analytics solutions and large storage solutions which can store terabytes of data, such as enormous 4K video files and many more which make it a major smart stadium market opportunity.

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In 2017, the global smart stadium market was dominated by Europe, and is expected to maintain this trend during the forecast period. However, the Asia-Pacific segment is expected to witness the highest growth, owing to rise in sports league culture and increase ICT spending in sports infrastructure among developing countries in the region.

The global smart stadium market include some of the key market players such as Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.

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Key Findings Of The Study

  • By deployment type, the cloud-based segment is expected to exhibit significant growth in the global market during the forecast period.
  • In 2017, Europe accounted for the highest smart stadium market share among other regions.
  • Based on application, the public safety and security segment generated the highest revenue in 2017.
  • By region, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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