#India Battery Market Share

[vipinmishra]

India Battery Market: Surge in Consumer Electronics Sales to Drive Growth

India Battery Market is expected to grow owing to surge in the sales of consumer electronics, such as smartphones, laptops, and tablets throughout the forecast period.

According to TechSci Research report, “India Battery Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, India Battery Market is expected to register robust growth during the forecast period. Growing concerns about air pollution and climate change have led to increased interest in eco-friendly transportation options. Electric vehicles are viewed as a cleaner and more sustainable alternative to traditional internal combustion engine vehicles. Battery-powered EVs help reduce greenhouse gas emissions and dependence on fossil fuels.

EVs are gaining momentum in India as a sustainable and eco-friendly mode of transportation. This trend presents a significant opportunity for battery manufacturers to meet the growing demand for lithium-ion batteries, which are the primary power source for EVs. Battery manufacturing for EVs and EV charging infrastructure development is a burgeoning market. Opportunities exist for investments in charging station networks, battery assembly facilities, and research and development to improve battery technology.

Based on type, the Lead Acid segment is expected to dominate the market during the forecast period. Lead-acid batteries are used in off-grid and backup power systems in rural and remote areas where there is no access to the main power grid. As India continues to expand its renewable energy infrastructure, lead-acid batteries play a role in energy storage for solar and wind power systems. The Indian government has been promoting clean energy and electric mobility, which could influence the battery market. Policies, incentives, and regulations may encourage the adoption of newer and more sustainable battery technologies. The future of the lead-acid battery segment in the India battery market may depend on factors like technological advancements, environmental regulations, and evolving consumer preferences. Manufacturers may also explore innovations in lead-acid battery technology to make them more competitive and environmentally friendly.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Battery Market." https://www.techsciresearch.com/report/india-battery-market/10563.html

Based on application, the Commercial segment is projected to dominate the market throughout the forecast period. Various businesses and organizations use batteries in UPS systems to safeguard critical equipment, such as computers, servers, and medical devices, from power disruptions and voltage fluctuations. In commercial warehouses and logistics centers, batteries power electric forklifts and other material handling equipment. Lead-acid batteries are commonly used for these applications. Batteries are essential for commercial electric vehicles, such as electric buses and delivery vans. This segment is witnessing growth as companies focus on sustainable transportation solutions. 

The need for reliable power supply is a significant driver for the commercial battery market. Battery systems are crucial for ensuring uninterrupted operations in data centers, hospitals, and critical infrastructure facilities. Many commercial establishments are investing in energy-efficient technologies and practices. Batteries play a role in optimizing energy usage, reducing peak power consumption, and managing energy costs. As businesses and institutions seek to achieve energy sustainability and reduce their reliance on grid power, there is potential for the development of microgrids powered by battery systems.

The demand for advanced battery technologies, especially lithium-ion batteries, is expected to increase as businesses and institutions prioritize performance, energy efficiency, and reliability. In summary, the commercial segment of the Indian battery market is a dynamic and evolving space, with a shift towards advanced battery technologies, renewable energy integration, and a focus on sustainability. The commercial sector offers ample opportunities for battery manufacturers and service providers to meet the growing demand for reliable and energy-efficient power solutions in various applications and industries.

Key market players in the India Battery Market are:

Exide Industries Limited

Amara Raja Batteries Ltd

Tata AutoComp Systems Limited

Luminous Power Technologies

HBL Power Systems Limited

Livguard Energy Technologies

Okaya Power Group

Base Corporation Limited

Southern Batteries Pvt. Ltd

Su-Kam Power Systems Ltd  

Download Free Sample Report https://www.techsciresearch.com/sample-report.aspx?cid=10563

Customers can also request for 10% free customization on this report.

“The India Battery Market in South India is poised to be the dominant force in the industry. South India is known for its high penetration of two-wheelers, particularly in states like Tamil Nadu and Karnataka. This leads to a robust market for automotive batteries, including lead-acid batteries. The region is witnessing a surge in electric vehicle adoption, particularly electric scooters and rickshaws. This trend is driving demand for lithium-ion batteries in the electric vehicle segment.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Battery Market Segmented By Type (Lead Acid, Lithium Ion, Nickel Metal Hydride and Others), By Application (Residential, Industrial and Commercial), By Power Systems (Fuel Cell Batteries, Proton-Exchange Membrane Fuel Cells, Alkaline Fuel Cells and Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of India Battery Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Battery Market.

Browse Related Research

India Instrument Transformers Market https://www.techsciresearch.com/report/india-instrument-transformers-market/1979.html India Wind Turbine Market https://www.techsciresearch.com/report/india-wind-turbine-market/15204.html India Solar Inverter Market https://www.techsciresearch.com/report/india-solar-inverter-market/15193.html

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Website: www.techsciresearch.com

[mi-researchreports]

The India Battery Market is growing at a CAGR of 10.56% over the next 5 years. Exide Industries Ltd , Luminous Power Technologies Pvt. Ltd. , HBL Power Systems Ltd, TATA AutoComp GY Batteries Pvt. Ltd. , Okaya Power Pvt. Ltd. are the major companies operating in India Battery Market.

[techdriveplay]

How Many Electric Car Brands Are There in 2024?

The electric vehicle (EV) revolution has accelerated rapidly in recent years, transforming the automotive landscape. With growing environmental concerns and advancements in technology, 2024 marks a significant year for the proliferation of electric car brands. Understanding the current landscape of these brands is crucial as they play a pivotal role in shaping the future of…

[medicaldevicesindustrynews]

EV Battery Swapping Adding a New Dimension to the World of EVs

EVs are very much popular in India as there is a consciousness among the people of the country to decrease levels of pollution and switch to more workable transport modes. This consciousness is important for the atmosphere and makes a difference for the next-gen. The government takes consistent measures to guarantee security on the road and for the environment. India has  a significant…

[thepastisalreadywritten]

(CNN) — Jack Latham was on a mission to photograph farms in Vietnam — not the country’s sprawling plantations or rice terraces but its “click farms.”

Last year, the British photographer spent a month in the capital Hanoi documenting some of the shadowy enterprises that help clients artificially boost online traffic and social media engagement in the hope of manipulating algorithms and user perceptions.

The resulting images, which feature in his new book “Beggar’s Honey,” provide rare insight into the workshops that hire low-paid workers to cultivate likes, comments and shares for businesses and individuals globally.

“When most people are on social media, they want nothing but attention — they’re begging for it,” Latham said in a phone interview, explaining his book’s title.

“With social media, our attention is a product for advertisers and marketers.”

In the 2000s, the growing popularity of social media sites — including Facebook and Twitter, now called X — created a new market for well-curated digital profiles, with companies and brands vying to maximize visibility and influence.

Though it is unclear when click farms began proliferating, tech experts warned about “virtual gang masters” operating them from low-income countries as early as 2007.

In the following decades, click farms exploded in number — particularly in Asia, where they can be found across India, Bangladesh, Indonesia, the Philippines, and beyond.

Regulations have often failed to keep pace: While some countries, like China, have attempted to crack down on operations (the China Advertising Association banned the use of click farms for commercial gain in 2020), they continue to flourish around the continent, especially in places where low labor and electricity costs make it affordable to power hundreds of devices simultaneously.

‘Like Silicon Valley startups’

Latham’s project took him to five click farms in Vietnam.

(The click farmers he hoped to photograph in Hong Kong “got cold feet,” he said, and pandemic-related travel restrictions dashed his plans to document the practice in mainland China).

On the outskirts of Hanoi, Latham visited workshops operating from residential properties and hotels.

Some had a traditional setup with hundreds of manually operated phones, while others used a newer, compact method called “box farming” — a phrase used by the click farmers Latham visited — where several phones, without screens and batteries, are wired together and linked to a computer interface.

Latham said one of the click farms he visited was a family-run business, though the others appeared more like a tech companies.

Most workers were in their 20s and 30s, he added.

“They all looked like Silicon Valley startups,” he said. “There was a tremendous amount of hardware … whole walls of phones.”

Some of Latham’s photos depict — albeit anonymously — workers tasked with harvesting clicks.

In one image, a man is seen stationed amid a sea of gadgets in what appears to be a lonely and monotonous task.

“It only takes one person to control large amounts of phones,” Latham said. “One person can very quickly (do the work of) 10,000. It’s both solitary and crowded.”

At the farms Lathan visited, individuals were usually in charge of a particular social media platforms.

For instance, one “farmer” would be responsible for mass posting and commenting on Facebook accounts, or setting up YouTube platforms where they post and watch videos on loop.

The photographer added that TikTok is now the most popular platform at the click farms he visited.

The click farmers Latham spoke to mostly advertised their services online for less than one cent per click, view or interaction.

And despite the fraudulent nature of their tasks, they seemed to treat it like just another job, the photographer said.

‘There was an understanding they were just providing a service,” he added. “There wasn’t a shadiness. What they’re offering is shortcuts.”

Deceptive perception

Across its 134 pages, “Beggar’s Honey” includes a collection of abstract photographs — some seductive, others contemplative — depicting videos that appeared on Latham’s TikTok feed.

He included them in the book to represent the kind of content he saw being boosted by click farms.

But many of his photos focus on the hardware used to manipulate social media —webs of wires, phones and computers.

“A lot of my work is about conspiracies,” Latham said. ” Trying to ‘document the machines used to spread disinformation’ is the tagline of the project. The bigger picture is often the thing we don’t see.”

Click farms around the world are also used to amplify political messages and spread disinformation during elections.

In 2016, Cambodia’s then-prime minister Hun Sen was accused of buying Facebook friends and likes, which according to the BBC he denied, while shadowy operations in North Macedonia were found to have spread pro-Donald Trump posts and articles during that year’s US presidential election.

While researching, Latham said he found that algorithms — a topic of his previous book, “Latent Bloom” — often recommended videos that he said got increasingly “extreme” with each click.

“If you only digest a diet of that, it’s a matter of time you become diabetically conspiratorial,” he said.

“The spreading of disinformation is the worst thing. It happens in your pocket, not newspapers, and it’s terrifying that it’s tailored to your kind of neurosis.”

Hoping to raise awareness of the phenomenon and its dangers, Latham is planning to exhibit his own home version of a click farm — a small box with several phones attached to a computer interface — at the 2024 Images Vevey Festival in Switzerland.

He bought the gadget in Vietnam for the equivalent of about $1,000 and has occasionally experimented with it on his social media accounts.

On Instagram, Latham’s photos usually attract anywhere from a few dozen to couple hundred likes.

But when he deployed his personal click farm to announce his latest book, the post generated more than 6,600 likes.

The photographer wants people to realize that there’s more to what they see on social media — and that metrics aren’t a measurement of authenticity.

“When people are better equipped with knowledge of how things work, they can make more informed decisions,” he said.

“Beggar’s Honey,” co-published by Here Press and Images Vevey, is available now.

[apcseo]

Mahindra & Mahindra’s EV Unit Seeks Investment Opportunities in India to Accelerate Growth

Mahindra & Mahindra, a prominent sports utility vehicle manufacturer, is reportedly in advanced discussions with British International Investment (BII) and other global investors to secure a substantial investment of up to ₹5,000 crore for its electric vehicles (EV) subsidiary. This new funding round is expected to value the EV unit at a higher valuation than the previous round, reflecting the growing interest in the Indian electric vehicle market. The investment aims to support Mahindra’s ambitious plans for expansion and the development of sustainable mobility solutions.

India’s electric vehicle market has been witnessing significant growth in recent years, driven by increasing environmental concerns, government initiatives, and evolving consumer preferences. As a result, established automakers like Mahindra & Mahindra are actively seeking investment opportunities in India to capitalise on this emerging market and accelerate their growth in the EV segment.

India has set an ambitious target to transition to electric mobility, aiming for 30% electric vehicle penetration in the country by 2030. The government has implemented various policies and incentives to encourage the adoption of electric vehicles, including subsidies, tax benefits, and the establishment of charging infrastructure. These measures have created a favourable environment for investors and manufacturers to participate in the Indian electric vehicle ecosystem.

To align with India’s electric mobility vision, Mahindra & Mahindra’s EV unit has outlined an aggressive expansion strategy. The company intends to launch five new electric vehicle models between April and October 2025, demonstrating its commitment to providing sustainable transportation solutions to Indian consumers.

By incorporating electric SUVs into its product portfolio, Mahindra aims to capture a significant market share in the fast-growing electric SUV segment. It anticipates that e-SUVs will account for 20-30% of its overall SUV sales, with sales volumes projected to reach around 200,000 units. This focus on electric SUVs aligns with the evolving preferences of Indian consumers, who seek both sustainability and performance in their vehicles.

Investment opportunities in the Indian electric vehicle market hold immense potential for both domestic and international investors. The sector offers an attractive landscape for investment due to the following factors:

Growth Potential: With the Indian government’s strong commitment to electric mobility, the EV market is poised for substantial growth. Increasing consumer demand, supportive policies, and infrastructure development create a favourable investment climate.

Technological Advancements: Investment in electric vehicles drives innovation in battery technology, charging infrastructure, and connected features. These advancements contribute to the overall development of the sector and create opportunities for investors to benefit from emerging technologies.

Environmental Considerations: Electric vehicles play a crucial role in reducing greenhouse gas emissions and combating air pollution. Investing in electric mobility aligns with global sustainability goals, making it an appealing choice for socially responsible investors.

Job Creation and Economic Growth: The growth of the electric vehicle industry stimulates employment opportunities across the value chain, including manufacturing, R&D, charging infrastructure, and support services. This fosters economic development and contributes to the overall growth of the Indian economy.

Mahindra & Mahindra’s pursuit of significant investment for its EV unit reflects the immense potential and investment opportunities in India’s electric vehicle market. As the demand for sustainable transportation solutions continues to rise, the sector offers a promising landscape for investors seeking long-term growth and environmental impact. With government support, technological advancements, and changing consumer preferences, investing in electric mobility can contribute to both economic development and a greener future for India.

This post was originally published on: Apppl Combine

[selloldmobile]

Realme 12 5G: Launch Date, Specifications, and Features

Realme 12 5G launch date in india

Realme is set to make waves in the mid and entry-level smartphone market in India with the launch of their latest offering, the Realme 12+ 5G. Anticipation is high as the company promises to redefine the sub-Rs 20,000 segment with segment-first features and powerful specifications.

While most details about the Realme 12+ 5G have been kept under wraps, the company has revealed some key information about its camera and processor. The phone will sport a 50MP Sony IMX600 main camera with OIS (Optical Image Stabilization), a feature previously unseen in this segment. Powering the device will be the MediaTek Dimensity 7050 chipset, promising smooth performance and efficient multitasking.

The official unveiling of the Realme 12+ 5G will be live-streamed on Realme's YouTube channel, starting at 12 PM. For those eager to witness the launch, the YouTube link will provide access to the event.

Renowned tipster Sudhanshu Ambhore recently shared a screenshot allegedly sourced from an e-commerce platform, revealing key details about the Realme 12 5G (RMX3999) and Realme 12+ 5G (RMX3867) smartphones.

According to the leak, the Realme 12 5G is expected to be priced at ₹18,999 for the 8GB RAM/128GB storage variant. It will come in Twilight Purple and Woodland Green color options. On the other hand, the Realme 12+ 5G is speculated to offer broader storage choices, with the 8GB RAM and 256GB storage variant potentially priced at ₹22,999. Color options for the Realme 12+ 5G include Navigator Beige and Pioneer Green.

Additionally, tipster Abhishek Yadav hinted at some exciting features of the Realme 12+ 5G. The smartphone is expected to sport a 6.67-inch Full HD+ AMOLED display with a 120Hz refresh rate. In terms of camera capabilities, alongside the confirmed 50MP Sony LYT600 primary sensor with OIS, it may feature an 8MP ultra-wide-angle lens and a 2MP macro lens. Selfie enthusiasts can expect a 16MP selfie sensor on the front.

Battery life is always a concern, but the Realme 12+ 5G is rumored to come equipped with a sizable 5,000mAh battery, with support for 67W SuperVOOC fast charging. On the software front, it is expected to run on the latest Android 14 operating system with Realme's own UI skin.

The teaser from Realme has already confirmed the presence of a punch-hole-style notch at the top of the display, but according to the tipster, there will also be an in-display fingerprint sensor, adding an extra layer of convenience and security.

[mundagenta]

Knock knock, KaiOS.

The ephemeral taste of innovating nearly obsolete bricks might be reaching its inevitable demise.

Nokia 8110 4G displayed in a kiosk at Mobile World Congress 2018. Image courtesy of Kārlis Dambrāns.

Despite the recent boom of feature phone sales over digital minimalism and dopamine detox trends, the future for KaiOS remains bleak as they fail to be consistent with their promises, thus miserably lagging against established giants in the market.

The good start

KaiOS is a partially open-source operating system developed by the Hong Kong-based company, KaiOS Technologies Inc. It was initially released in October 2017 and was forked from Boot 2 Gecko. Their name is from the Chinese for open – 开 (kāi) which “captures the idea of being inclusive.”

In just one year, they have overtaken Apple’s iOS as the second most popular operating system in India, with Android remaining on top, despite losing their 9% market share. In that same timeframe as well, they managed to sell around 450 million devices worldwide. Furthermore, their platform is compatible to WhatsApp, Twitter, YouTube, Google Maps, and Google Assistant.

To oversimplify things, KaiOS took the Boot 2 Gecko code (based from FirefoxOS) and modified it to run on hardware similar to that of feature phones and added the KaiOS Store. Other than that, they also implemented recent innovations that are becoming today’s standard, like 4G LTE and 5G, GPS, and Wi-Fi. By doing so, they effectively just created a separate phone segment, which some people call as the quasi-smartphones or smart feature phones.

KaiOS specifically chose the hardware present in their devices for an appealing approach to developing markets, like India and Pakistan, to bridge the digital divide and bring cheaper internet access. They removed the touch screen which they consider as the most costly part of the device, and replaced it with a cheaper T9 keypad input. Additionally, their devices only need 256MB to work and are also compatible with cost-efficient Spreadtrum chipsets.

What went wrong

By doing so, they effectively avoided the mistakes that Mozilla made. They chose a target audience first and offered them a product. They made an operating system out of the web but used that as a tool rather than the end goal, the latter being their approach to the digital divide. But not all products are perfect on their own, as their approach is a double-edged sword.

The T9 keypad meant that the apps had to be optimized to work on such inputs. Likewise, dissimilar to FirefoxOS, not all webpages can run on KaiOS devices due to hardware restraints. Such disadvantages make it an appealing short-term solution while their users save up for better entry-level Android devices.

Platform immaturity

The platform is still quite immature, despite five years since its initial launch. Some users claimed that their devices sometimes cannot receive calls, and crashes on related functions constantly. The battery also does not live up to its expectations and provides a ‘disappointing’ performance. Additionally, the calendar’s sync and date functionality is unstable, the alarm clock doesn’t ring from time to time, and the lack of note-taking, file browsing, multitasking, and wide audio format support. Besides, the platform lacked proper app quality control, bug reports, and feedback system, along with a slew of advertisements. Perhaps, the most lambasted functionality of the platform is the T9 input. Users characterized the input as slow and unreliable, thus ineffective for efficient user interface navigation. The predictive text input, which might sound good, is something they’d rather have disabled due to its restraints such as inaccurate suggestions and buggy input.

Some have mentioned that users may be over-estimating KaiOS and pitching it against smartphone platforms. Then on, we can’t deny that a platform still has to be stable and reliable, albeit hardware-restricted. Some went on to compare the system to its older counterparts such as Nokia’s Series 40, Microsoft’s Lumia, Vodafone’s MobiWire, and Blackberry’s Blackberry 10, which the users characterized as more ‘stable.’

Unfortunately, version 2.5.4 onwards faced a downward trend as certain apps were no longer maintained and supported, due to the decrease of development activity. For instance, the optimized Google and YouTube apps have been pulled out from the app store, around the same time as the update. In version 3, WhatsApp support has already been dropped and new app submissions to the store also plummeted. Google Assistant, the primary tool for users to voice type and issue commands (albeit stripped-down in comparison to Android), also dropped KaiOS support last June 30, 2021. Some users reached out to the company regarding this matter, to which they replied that they are developing an in-house voice assistant alternative. Until now, it is nowhere near worldwide coverage, given the limited devices it was shipped upon.

The company and its partners

Even more worse, the problem rests beyond that. The project development of has been consistent enough until the COVID-19 pandemic. According to the company’s blog statement “the growth was still not like how we achieved in the pre-COVID times, but these numbers and new partnerships are going up and in the right direction in this second year of the pandemic.”

In 2022, the project updates has since then plummeted. There weren’t any major announcements across all their social media platforms, even from the company website. Their Github repositories are no exception as well, as they still haven’t received any commits until now. Their only active repo is the gecko-b2g, which serves as the operating system base.

It is not implicit that their users are complaining about the bugs and speculating on the project’s downfall but it seems that they have no proper public relations and customer support as the company fails to actively respond to these messages.

Nokia

Nokia, or should we say, HMD Global has been a primary partner of KaiOS Technologies over the years. They manufactured the higher-end devices of the platform that were considerably the most popular in KaiOS’ lineup, such as the Nokia 6300 4G, Nokia 2780 Flip, and the Nokia 8110 4G.

Regardless, their approach is somehow vague as enthusiasts are confused over what their target audience is supposed to be, and what were they trying in the first place. Their approach started with the reboot of their classic devices, so it’s safe to assume that their target consumers are the ones who are nostalgic over their retro bricks. HMD, for a matter of fact, might have just been the worst example of a KaiOS partner.

Their devices are the most expensive ones of the platform, almost close to the entry-level Android Go smartphones. HMD Global has also been long criticized over the failure to deliver software updates from KaiOS to their devices, as they provide only about a year of support for these. The users also cannot help to complain over the significant bloatware present in such a limited hardware they provide.

Just recently, HMD Global took a step back from this approach and cherished their barebones Series 30 and Series 30+ platforms once again. Their last KaiOS device is the 2780 Flip from November 2022 and was then on followed by a series of Android Go and dumbphones from their C and 1xx series. In a reply to a user inquiry, they reportedly blamed KaiOS as the Google Assistant support for the platform was dropped.

Alcatel and TCL

Alcatel and TCL are also major partners of KaiOS. In fact, TCL Corporation is the largest shareholder of KaiOS Technologies. Both of them are popular for their Go Flip line. Despite the successes of Go Flip 1, 2, 3, and V, they didn’t get to experience the luxury of getting updated to the latest version of the OS, unlike the Go Flip 4. A user reached out to the company, to which they replied that they are still planning to serve these said updates to such devices, although there is still no update to talk of until now. 

Unfortunately, similar to HMD Global, they seem to be diverging away from the platform as recent releases from both manufacturers are focused on midrange to high-end Android devices, as well as the Tab series of TCL.

Jio

The Indian telecommunications company, Reliance Jio Infocomm Limited is the catalyst of KaiOS’ takeover against Apple in the country, all thanks to their aggressive marketing approach. They offered the competitively priced JioPhone for free to their users who are subscribed to their data plans.

Unluckily, even Jio is also straying away from KaiOS. There have been rumors that the JioPhone and the JioPhone 2 have been discontinued, as they are no longer sold. They last received the version 0258 update back on May 22, 2021, and clearly missed version 3.0 by a long shot. On June 24, 2021, Reliance Jio announced the JioPhone Next, a budget Android Go smartphone made in collaboration with Google. Recently this year, they partnered with Karbonn to release the Jio Bharat K1 Karbonn and V2 to provide access to UPI payments, Jio ecosystem, and cheaper 4G to the rural areas of India that remain untapped by recent advancements in technology.

What happened?

Fast forward to August 2023, users speculate that the project has already died out due to lack of activity and stagnation since the release of 3.0. Their company's social media platforms are inactive, except for the usual, seemingly AI-generated content every national holiday across countries. On the other hand, KaiOS Technologies partnered with the cybersecurity firm Trustonic to expand their device affordability efforts in Africa. There have also been infrequent new device releases for the platform, such as the AT&T Cingular Flex in February, Cricket Debut Flex in June, and Logan Technology’s Panita this August. Truth be told, I find this section rather short and lacking. Unfortunately, I could say the same for the company’s recent efforts. Nonetheless, I hope that things eventually get better. As users worldwide expected a reliable feature phone platform, all these issues contributed to a downward trend of interest for KaiOS. It seems that they might end up like FirefoxOS, failing to keep up and desolate in the past. Whether they wake up to innovate again, or continue dormant and inevitably die out is up for them to decide.

For now, one thing’s for sure, if they fail to address these issues, they’ll be no better than the obsolete bricks of the bygone era.

[sagarg889]

Sirens Market Research by Key players, Type and Application, Future Growth Forecast 2022 to 2032

In 2022, the global sirens market is expected to be worth US$ 170.1 million. The siren market is expected to reach US$ 244.0 million by 2032, growing at a 3.7% CAGR.

The use of sirens is expected to increase, whether for announcements or on emergency vehicles such as ambulances, police cars, and fire trucks. A siren is a loud warning system that alerts people to potentially dangerous situations as they happen.

Rapidly increasing threats and accidents have resulted in more casualties and missed business opportunities in developing economies. Demand for sirens is expected to rise during the forecast period as more people use security solutions.

As a result of rising threats and accidents in developing economies, the number of victims and lost business opportunities has rapidly increased. Adopting security solutions, such as sirens, is an effective way to deal with these challenges. Long-range sirens are used in mining and industrial applications, whereas motorised sirens are used in home security. Hand-operated sirens are used when there is no power or when a backup is required.

Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities.

Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.

Get a Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4274

Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

The regional analysis includes:

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Western Europe (Germany, Italy, France, U.K, Spain)

Eastern Europe (Poland, Russia)

Asia-Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth Polishing / Lapping Film market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

Browse Detailed Summary of Research Report with TOC @ https://www.futuremarketinsights.com/reports/sirens-market

Key Segments

Product Type:

Electronic

Electro-mechanical

Rotating

Single/dual toned

Omnidirectional

By Application:

Civil defense

Industrial signaling

Emergency vehicles

Home/vehicle safety

Security/warning systems

Military use

Others

By Installation Type:

Wall mounting

Self-standing

Water proof connector

By Regions:

North America

Europe

Asia Pacific

Latin America

MEA

[tatatechnologies]

Celebrating India’s EV Journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organized globally to educate people about the benefits of electric vehicles.

While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of EVs is gaining momentum. India’s EV sector is attracting increasing investments in battery technology, charging infrastructure and product options. Some of the biggest brands in the EV space include Tata Nexon in cars, the Mahindra Treo in three-wheelers and Hero Electric and Ola in scooters. In addition, there are a whole lot of startups that are working on various aspects of the EV eco-system.

In this article, Autocar Professional takes you through India’s EV landscape with leaders in the segment commenting on sustainable mobility and a zero-emission future.

Meanwhile, a recent study by Castrol study has highlighted key insights on EV readiness for markets, carmakers, and consumers. Its global survey ‘Switching ON the rEVolution’ covering 10,000 consumers and 100 leaders from car manufacturers in 10 key global markets, including India suggests that 44 percent of consumers surveyed in India are considering an EV for their next vehicle purchase while 55 percent are still considering an ICE vehicle.

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

World EV Day is indeed a special day for us, as we look back and reflect on our journey so far. We are proud to lead the EV market in India, with a lion’s share of 88 percent. As early entrants, we have shaped the market and seen it grow with Nexon EV and Tigor EV. We have over 40,000 Tata EVs plying on road. We have also established Tata UniEVerse, a one of its kind EV ecosystem, which is further propelling the EV adoption.

Santosh Iyer, VP-Sales & Marketing, Mercedes-Benz India

Mercedes-Benz Indian has a very aggressive EV roadmap for the Indian market with three new luxury EVs. We pioneered luxury EVs in India with the EQC in 2020, which received good response from the early adopters in the luxury segment. EQC’s acceptability and market success set the ground for other brands to foray into the luxury EV segment.

Suman Mishra, Mahindra Electric Mobility

We celebrate India’s electrification journey. At Mahindra Last Mile Mobility, we are committed to promoting sustainable motoring with zero emission products. I am confident that with our collective efforts, we can enable a green and smarter tomorrow for India.

Warren Harris, CEO, Tata Technologies

Tata Technologies’ vision of Engineering a better world embodies our commitment to providing sustainable solutions especially in the rapidly growing Electric Vehicle Market. The transition to EV is also an opportunity and would also be synonymous with a move to connected vehicles enabled by ADAS and digital customer experience solutions. Tata Technologies offers end-to-end solutions for engineering, manufacturing support, and customer experience solutions for EVs globally. We have developed an elaborate EV ecosystem through alliances and partnerships across the world, including an alliance with MIH Consortium which enables us to leverage the EV ecosystem to deliver best value for our Customers.

Nagesh Basavanhalli, Executive Vice Chairman, Greaves Cotton

Greaves Electric Mobility owned Ampere is one of the fastest growing electric two-wheeler brands in the Country while the company also operates/owns the rapidly growing e-rickshaw brand Ele (Bestway) and the Teja (MLR Auto) range of L5 category three wheelers. Together the portfolio offers a strong value proposition to electrifying the way people and goods move across our country.

Mahesh Babu, CEO, Switch Mobility India, COO, Switch Mobility

To meet India’s global commitment to become Net Zero by 2070, we need to prioritize not just public transport, but public transport with zero tailpipe emissions. Electric buses are clearly the best and obvious solution to accelerate decarbonisation with increasing mass mobility. It is this imperative that guides us at Switch Mobility — to help India attain its ambitious Net Zero target by offering the society with smart, clean mass mobility solutions that are also technologically advanced, safe and comfortable for passengers. Our vision is to transform mass mobility across cities and highways, and bring about a clean revolution in the way people travel. I take the opportunity on World EV Day 2022 to invite partners and people who share the same vision to jointly achieve this critical transition.

Balbir Singh Dhillon, Head of Audi

We have installed 100+ chargers pan-India and 16 high-speed 50kW chargers across our dealerships located across strategic highways within the country. In line with our global plans to be all-electric by 2033, we are aiming to achieve about 15 percent of our India sales from EVs by 2025–2026. It’s time we start to care for the climate. I think the sooner we realise we are responsible for it, the better it is for all.

Read More: https://www.tatatechnologies.com/en/media-center/celebrating-indias-ev-journey/

[hawpmobility]

Why Uber & Ola do not care about riders & drivers?

Global market for ride hailing is pegged at anything above USD 85 billion dollar annually. The market is not only huge but also growing at breathtaking pace of around 17% . To put things in perspective at this pace of growth the market is set to double every 4.5 years. Compare that with your bank deposit which will take 15–20 years to double if you are living in developed countries or developing economies like India and China.

The market has been evolving over the decades with few innovations here and few there. However, advent of category defining company Uber has upended the industry in unprecedented manner. The beauty of Uber platform lies in innovative plumbing of technologies developed before it but after early 2000s. Chief among them are smart phones & Google maps . Such has been the success of Uber’s model that it has assumed an envying place in english language i.e. “Uberization” . The entire shared economy as we see today is inspired by Uber.

And many copycats have also emerged in the same market as Uber salivating the prospects built on the size and growth of the industry.

So What’s the problem?

The very solution which distrupted the market is becoming the key problem and it seems that the market is ready for yet another decadal change.

A little background will help before we move on. Uber relied on efficient matching of drivers and riders by signaling power of prices or fares. It has. utilized its prediction engine combined with real time data to change the prices to match supply with demand or vice versa. The engine increases price to attract drivers to pockets of high demand & reduces the price where the demand is muted. The trick has enabled it to provide more business to its drivers and increased utilization of their vehicles. On the other hand it has successfully provided reliable (really?) vehicle availability to the riders.

But the engine has created problems of its own principally those related to ethics & fair dealing.

I have not understood. Please explain!

The model in which Uber works relies on platform effect. Simply put the higher the number of users on its platform higher will be the value of the participants. For example, an additional driver will ensure more choice and increased competition thereby reducing tariffs to riders or open up new routes. Also, a new rider will increase the earning potential for drivers thus attracting ever more drivers. So once the flywheel started moving it will gather momentum oon its own.

The downside of this mechanism is that the model makes the market winner-takes-it-all. So market will only have 1–2 players to have enough scale to provide value to riders ( choice or fare) or to drivers ( higher business) . Now the winner or couple of winners will have control of market. This is evident in today’s market where drivers pay high commissions and riders accept surge pricing for convenience ( not that they want to). The fares do not reflect economic costs but the level of dependency riders have on Uber and likes. The fares are based on “Willingness-to-pay” which is a euphemism for gouging money as much as can be exracted based on the desperation of riders. A few of you may know that fares not only acccount for distance or demand-supply mismatch but also what is the battery level of your phone which may make you desperate to accept fares.

Moreover, the algorithms used by the incubments use what is called Machine Learning ( ML)) . The programs built on this technology are useful in many situations but inherently biased. The ML models are built by feeding lots of data and finding a pattern which can then be utilized for predictive purposes.

However, many of the readers would know that these models perpetuate the bias in data. For example , many studies have discovered that crime prevention models based on ML have shown bias against minorities and backward section of the society . This has led it further supression of these sections .

Similarly , ML models used by ride hailing app are fed on non-representative data of many situations. For example , on a rainy day couple of riders have accepted very high fares. This will be fed back to model which will show yet higher fares to subsequent riders. It may lead to complete breakdown of demand supply matching framework apart from raising ethical questions.

The unencumbered use of technology is not beneficial for even the drivers who may miss out on business due to high fares.

What’s the solution?

This article does not, in any way, deprecate the use of technology. But strongly backs to augment human capabilities with the use of technology . The decision making ought not be left to machines but it must be enhanced by efficient processing of information.

So can we expect some changes?

Definitely, the market is big & growing and perhaps the users will also want to try out the alternatives to the incumbent.

Source: This article has been originally published on Hawp

[strangemusictriumph]

Smart Glove Market - Forecast (2021 - 2026)

The Smart Glove Market size is analyzed to grow at a CAGR of 9.6% during the forecast 2021-2026 to reach $4.67 billion by 2026. Smart Glove is considered as a wide range of Sensor technology gloves for advanced and customized solutions, such as hand protection, high-tech rehab device and other assistive device services. The Smart Gloves are designed electronic devices with microcontrollers to offer avant-garde opportunities for various kinds of application suitable to the business requirements, including industrial grade gloves and medical grade gloves, and thus, contribute to the Smart Glove market growth. The rapid prominence of the Internet of Things (IoT), artificial intelligence and connected devices, along with the increasing innovations in wearable health devices, smart personal protective equipment, integrated with GPS, wireless communication features and in-built voice assistance have supported the Smart Glove Industry development successfully. In fact, the growth of the market is also observed due to the growing advancement of the Bluetooth chip, flex sensors, microcontroller, and accelerometer. Furthermore, the progression of microencapsulation and nanotechnology pave the way for sensor technology which offers lucrative growth possibilities. The influx of brands like Samsung, Apple, and Fossil are broadening the functionalities, which further promotes Smart Glove Market. 

Smart Glove Market Report Coverage

The report: “Smart Glove Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Smart Glove Industry.

By Offerings: Software and Service By Application: Fitness & Wellness, Specific Health Monitor, Infotainment, Ergonomic wearable and others By Industry Verticals: Pharmaceuticals & Healthcare, Food & Beverages, Enterprise and Industrial, Consumer Electronics and others By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa). 

Request Sample

Key Takeaways

The growing demand of wearable medical devices owing to the increasing awareness on fitness and a healthy lifestyle along with prominence of connected devices in Healthcare, contribute to the growth.

Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America, owing to the significant adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals.

The advancements in consumer electronics with a wide range of technical advantages, including touch sensitive features and miniature designs, resulted into the market growth.

Smart Glove Market Segment Analysis – By Industry Verticals

By Industry Verticals, the Smart Glove Market is segmented into Pharmaceuticals & Healthcare, Food & Beverages, Enterprise and Industrial, Consumer Electronics and others. The Enterprise and Industrial segment held the major share of 37% in 2020, owing to the propensity for cutting-edge products and significant investment to pursue radical evolutions in commercial applications. In order to address the growing requirement of several end users across automotive, oil & gas, manufacturing and logistics, customizable smart gloves with built-in scanners are introduced for more effective operations. In April 2019, the manufacturer of a smart, wearable technology, ProGlove, unveiled its MARK 2 to a U.S. audience ProMat in Chicago. The new MARK 2 enables the user to scan up to 5 feet away from a device and can connect to a corporate network via Bluetooth Low Energy (BLE), with up to 15-hour charge battery. ProGlove provides hands-free scanning solutions across a number of industries, and thus, in September 2020, Panasonic announced a partnership with ProGlove, to combine the mobile computing solutions of the two companies in order to offer rugged, innovative and user-friendly wireless barcode scanners. The strategic collaboration is also formulated to deliver seamless as-a-stand-alone scanning solution with an embedded Panasonic’s voice picking solutions for the warehouse operations, supply chain, and inventory checking. Therefore, the growing demand of integrated gesture sensor solutions for dynamic workstations, and a more efficient working environment accelerated the demand of Smart Glove Market. 

Inquiry Before Buying

Smart Glove Market Segment Analysis – By Geography

Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America in Smart Glove Market. The early adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals, along with the growing interest of consumers towards ‘sensorized’ fitness wearable devices are estimated to drive the market in these regions. Furthermore, numerous research investments propel the innovations of soft and stretchable electronics design that propel a competitive edge to smart wearable solutions. In January 2021, HaptX Inc. announced the release of HaptX Gloves DK2. The HaptX Gloves DK2 is an upgraded design and the world's most advanced haptic feedback gloves, which deliver unprecedented realism, with more than 130 points of tactile feedback per hand. These gloves have astoundingly real-life superpowers with VR, XR, and robotics technologies to meet the demand of various enterprises for quality requirements. Hence, the promising demand of industrial wearable and other smart personal protective equipment in these regions are estimated to drive the Smart Glove Market. 

Smart Glove Market Drivers

Growing prominence of healthcare wearable

The growing demand of wearable medical devices owing to the increasing awareness on fitness and a healthy lifestyle along with prominence of connected devices in Healthcare, contribute to the growth of Smart Glove Market. Moreover, the rise of high-tech devices to usher clinical-grade wearable with 3G and 4G connection led to various viable solutions. In July 2020, UCLA bioengineers designed a glove-like device that can translate American Sign Language (ASL) into English speech in real time through a smartphone app. The entire system is integrated upon a pair of gloves with thin, stretchable sensors to translate hand gestures into spoken words. Hence, the sizable demand of personalized care, specific health issue monitoring devices and user-friendly, compact medical wearable propelled the growth of the Smart Glove Market. 

Schedule a Call

Advancements in consumer electronics

The advancements in consumer electronics with a wide range of technical advantages, including touch sensitive features and miniature designs, resulted into the growth of Smart Glove Market. The advent of digitalization and latest development in sensor technology to enhance user performances is further driving the market. In April 2019, British music tech company Mi.Mu, founded by Grammy award-winning artist Imogen Heap announced the release of newly designed Mi.Mu gloves, allowing artists to map hand gestures to music software. The new gloves of Mi.Mu are durable with a removable battery system that offers artists complete control over their musical performances. Moreover, the breakthrough innovation in microfibre sensor technology offers strain sensing capabilities that provides gesture-based control. In August 2020, A team of researchers from the National University of Singapore (NUS), led by Professor Lim Chwee Teck, developed a smart glove, known as 'InfinityGloveTM', which enables users to mimic numerable in-game controls using simple hand gestures. Therefore, the launch of sophisticated wearable electronics products, extensive glove's capabilities and rising usage of convenient-to-use devices are some of the factors that are estimated to drive the Smart Glove Market. 

Smart Glove Market Challenge

High price of Smart Glove solution

The market of Smart Glove is expanding due to the significant technologies development, using the amalgamation of sensing and feedback operation to denote smarter systems. Thus, the commercially available devices, pertaining to smart glove features are prominently expensive, which is a major constraint that demotivated the rapid adoption. Thus, factors such as less sensible investment and unobtainability of some of the latest smart gloves technology around some regions  due to high cost are likely to restrict the Smart Glove Market. 

Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Smart Glove Market. The Smart Glove Market top 10 companies include Apple Inc, Flint Rehab, Haptx, Lab Brother Llc, Maze Exclusive, Neofect, Samsung Electronics Co Ltd, Seekas Technology Co., Ltd, Vandrico Solution Inc, ProGlove, Workaround Gmbh and among others 

Buy Now

Acquisitions/Technology Launches/Partnerships

In December 2019, HaptX, the leading provider of realistic haptic technology announced the partnership with Advanced Input Systems along with a Series A financing round of $12 million. This acquisition provides a great opportunity for HaptX as they can finance the production of the next generation of HaptX Gloves, which represents the world’s most realistic gloves for virtual reality and robotics, coupled with product development, manufacturing, and go-to-market collaboration.

In November 2019, Ansell Limited, a leading provider of safety solutions, announced a partnership with ProGlove, a renowned industrial wearable manufacturer.  The acquisition is formed to deliver advanced hand protection solutions to ensure the personal protective equipment (PPE) compliance in the workplace.

For more Electronics Market reports, please click here

[cool-akashy-maximize]

Global Industrial Truck Market Trend, Impact of Covid-19, In-depth Insights by Top Manufacturers and Forecast to 2029

Global Industrial Truck Market: is expected to grow at a CAGR of 3.02% throughout the forecast period, to reach US$ 36.66 Bn. by 2027.

Global Industrial Truck Market Overview:

The Global Industrial Truck Market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc.

To Get A Copy Of The Sample of the Global Industrial Truck Market, Click Here: https://www.maximizemarketresearch.com/request-sample/89961

Global Industrial Truck Market Dynamic:

Rapid digitalization in e-commerce sector and supply chain sector is expected to drive the growth of Industrial truck market. These sectors mainly invest in logistic and warehouses, which in return is expanding the industrial truck market across the globe due to easy transport and efficiency. Industries nowadays are facing problems in increasing high yield and production, accuracy, labor scarcity. This in turn is expected to accelerate the growth of the industrial truck market across the world. Apart from that manufacturing industry, mining industry, railway and shipping industry demands for industrial truck due to its fast and easy way of equipment handling, which leads to the growth of industrial truck market in near future.

Market Scope:

A competitor's information is provided in the highly competitive environment for the Global Industrial Truck market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses' focus on the Global Industrial Truck industry.

Global Industrial Truck Market Segmentation:

In urban areas, Industrial truck has limited access as they are diesel operated and led to CO2 emissions. Thus, there is need to use alternative drive system, such as LNG or CNG operated engines and electrical engines that bring higher torque, high horse power and emit lesser emissions in order to control air pollution.

Therefore, in order to sustain the environment, global leaders have implemented EURO 6, EPA 10, JP09, and BS-VI India, in order to reduce air pollution.

Governments of developing countries are providing incentives with programs and schemes for manufacturing of battery electric trucks, which in turn are expected to boost the growth of the electric truck market.

Get Free inquiry of the Global Industrial Truck Market: https://www.maximizemarketresearch.com/request-sample/89961

Global Industrial Truck Market Key Players:

• Combilift Material Handling Solutions • Doosan Corporation • Crown Equipment Corporation • Godrej & Boyce Mfg. Co. Ltd. • Caterpillar • Kion Group AG • SANY Group • Toyota Industries Corporation • Mitsubishi Nichiyu Forklift Co. Ltd. • Clark Material Handling Co. Ltd. • Hangcha Group Co. Ltd. • Anhui Heli Co. Ltd. • Hyster-Yale Materials Handling Inc. • Jungheinrich AG • Lonking Forklift Company Ltd. • Komatsu Ltd. • EP Equipment Ltd. • Mitsubishi Logisnext Co., Ltd.

The major players covered in the Global Industrial Truck market report are

Regional Analysis:

The causes for the global Global Industrial Truck market's rise, and the industry's numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.

COVID-19 Impact Analysis on Global Industrial Truck Market:

The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Global Industrial Truck market to slow in 2020. The new research features COVID 19's impact on the Global Industrial Truck# market, as well as insights, analysis, estimations, and projections.

Key Questions Answered in the Global Industrial Truck Market Report are:

Which segment was responsible for the largest share in the Global Industrial Truck market?

How was the competitive scenario of the Global Industrial Truck market in 2020?

Which are the key factors responsible for the Global Industrial Truck market growth?

Which region held the maximum share in the Global Industrial Truck market in 2020?

To Request Customization of the Global Industrial Truck Market Report, Click Here: https://www.maximizemarketresearch.com/request-customization/89961

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

[tmr-blogs2]

Dielectric Fluid Market Forecast: Projected Growth to Reach $11.9 Bn by 2034

The dielectric fluid market, spanning 2024-2034, is poised for substantial growth due to increasing demand for electrical insulating materials used in a wide range of applications. Dielectric fluids are crucial for ensuring efficient insulation in high-voltage transformers, capacitors, and other electrical equipment. These fluids prevent electrical breakdown, dissipate heat, and enhance equipment performance, especially in power generation, transmission, and industrial applications. As industries evolve, there is a growing shift toward environmentally friendly and high-performance dielectric fluids, which is further driving innovation in the market.

The global dielectric fluid industry, valued at US$ 5.5 billion in 2023, is projected to grow at a CAGR of 7.2% from 2024 to 2034, reaching US$ 11.9 billion by the end of the forecast period. Increasing electricity demand from industries such as manufacturing, construction, and transportation also fosters market expansion. As of 2024, the market is expected to experience steady year-on-year growth, driven by a need for highly efficient and sustainable dielectric solutions. New technologies in synthetic and biodegradable dielectric fluids are also expected to create new growth avenues.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/dielectric-fluid-market.html

Market Segmentation

By Service Type:

Manufacturing: This segment includes companies engaged in producing dielectric fluids for various applications.

Installation and Maintenance: Services include the installation of dielectric fluid in equipment and regular maintenance to ensure the longevity of electrical systems.

By Sourcing Type:

Synthetic: Synthetic dielectric fluids offer superior thermal stability and are widely used in transformers and capacitors.

Biodegradable: Biodegradable dielectric fluids are emerging as eco-friendly alternatives, particularly in industries with stringent environmental regulations.

By Application:

Transformers: A significant segment due to the high reliance on dielectric fluids for insulation and cooling in transformers.

Capacitors: Used to maintain performance and prevent overheating in high-voltage capacitors.

Switchgear: Dielectric fluids in switchgear help insulate and prevent arcing during operation.

By Industry Vertical:

Energy and Power: The largest vertical due to the demand for dielectric fluids in energy transmission and distribution networks.

Manufacturing: Factories with high energy consumption rely on dielectric fluids for efficient machinery operation.

Automotive: Electric vehicle (EV) applications are growing due to their need for advanced electrical insulation in battery systems.

By Region:

North America

Europe

Asia-Pacific

Middle East and Africa

Latin America

Regional Analysis

North America: This region is expected to maintain a significant share of the dielectric fluid market, driven by strong demand from the energy, industrial, and automotive sectors. The U.S. leads the region due to large-scale investments in smart grid technologies.

Europe: With stringent environmental regulations and a focus on renewable energy, Europe is witnessing rapid adoption of biodegradable dielectric fluids. The region's focus on sustainability aligns with the growing use of eco-friendly materials.

Asia-Pacific: The fastest-growing region, owing to massive infrastructure development and energy demands in countries like China, India, and Japan. The ongoing industrialization in Southeast Asia further fuels the demand for dielectric fluids.

Middle East and Africa: The region’s dielectric fluid market is primarily driven by investments in power transmission and renewable energy projects.

Latin America: The growth here is moderate but expected to accelerate as the region invests in expanding its power generation and transmission infrastructure.

Market Drivers and Challenges

Drivers

Expansion of Renewable Energy Projects: Governments are increasingly investing in wind and solar power, which require highly efficient dielectric fluids for energy transmission.

Growing Electrification: With increasing demand for electric power, both residential and industrial sectors are relying on efficient electrical grids that require reliable dielectric insulation.

Advancements in Electric Vehicles: As the EV market grows, so does the demand for dielectric fluids, as these vehicles need efficient thermal management systems in their batteries and charging stations.

Challenges

Environmental Regulations: The shift from synthetic to biodegradable dielectric fluids poses a challenge for manufacturers to balance performance with sustainability.

Cost and Technological Barriers: The development and production of advanced dielectric fluids can be expensive, and the industry needs to find ways to optimize cost without compromising quality.

Market Trends

Eco-friendly Dielectric Fluids: A significant trend in the market is the increased focus on biodegradable and sustainable dielectric fluids. These eco-friendly alternatives are gaining traction in regions with stringent environmental regulations.

Innovation in Synthetic Fluids: Manufacturers are continuously innovating synthetic dielectric fluids to improve thermal efficiency, reduce costs, and enhance the overall performance of electrical equipment.

Smart Grid Infrastructure: The global push for smart grids and energy-efficient power systems is driving demand for high-performance dielectric fluids that can ensure reliability and reduce energy loss.

Future Outlook

The dielectric fluid market is set to witness transformative growth between 2024 and 2034, largely driven by innovations in energy efficiency and sustainability. The rising demand for biodegradable and eco-friendly fluids will reshape the industry, as will advancements in synthetic fluid technology. The growing electrification of sectors such as transportation and renewable energy is expected to keep the demand for dielectric fluids strong over the next decade.

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=77247&ltype=S

Key Market Study Points

Growing EV Market: The expanding electric vehicle market presents new opportunities for dielectric fluid applications in thermal management systems.

Regulatory Impact: Environmental policies will continue to shape the demand for biodegradable dielectric fluids.

Technological Innovations: Advanced formulations for both synthetic and biodegradable dielectric fluids will be crucial for the future growth of the market.

Competitive Landscape

Key players in the dielectric fluid market include multinational companies and specialized firms focusing on either synthetic or biodegradable solutions. Major companies are investing heavily in R&D to innovate in the areas of sustainability and performance. Companies such as Shell, Siemens, Cargill, and Dow are at the forefront of this competitive market. The industry also sees increasing collaborations between fluid manufacturers and electrical equipment producers to develop tailored solutions for various applications.

Recent Developments

New Product Launches: Several companies are introducing advanced dielectric fluids that offer superior thermal stability and eco-friendly attributes.

Mergers and Acquisitions: The market has witnessed consolidation through M&A activity, allowing companies to expand their geographic presence and product portfolios.

R&D Investments: Key players are allocating substantial resources toward research and development to stay competitive in a rapidly evolving market.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com