#Wireless Ev Charging Market share

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Electric Vehicle Charger Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

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

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

Market Size - The electric vehicle charger market size has grown exponentially in recent years. It will grow from $6.79 billion in 2023 to $8.67 billion in 2024 at a compound annual growth rate (CAGR) of 27.7%. The growth in the historic period can be attributed to electric vehicle (ev) adoption and sales growth, government incentives and regulations, environmental concerns and emissions reduction goals, consumer demand for convenient charging, and automotive industry investment in evs

The electric vehicle charger market size is expected to see exponential growth in the next few years. It will grow to $21.85 billion in 2028 at a compound annual growth rate (CAGR) of 26.0%. The growth in the forecast period can be attributed to expansion of ev charging networks, standardization of charging connectors, international market growth, global ev adoption, and growing public and private charging stations. Major trends in the forecast period include fast and ultra-fast charging solutions, wireless charging technologies, ev battery advancements, smart grid integration and demand response, and autonomous and self-parking charging stations.

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

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

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

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

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

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

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

Market Drivers - The increasing stringent regulations by the governments to limit environmental pollution are contributing to the growth of the electric vehicle charger market. Many governments have implemented stringent government regulations to limit harmful vehicular emissions, making it vital for vehicle manufacturers to shift to advanced technologies that reduce vehicle emission levels. For instance, in April 2023, the government of US, Biden-Harris Administration set a goal that 50% of vehicles should be electrified by 2030. Therefore, the rising stringent regulations by the governments are projected to drive the growth of the electric charger market in the coming years .

The electric vehicle charger market covered in this report is segmented –

1) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV) 2) By Charging Type: On-Board Chargers, Off-Board Chargers 3) By End-User: Residential, Commercial

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Regional Insights - Asia-Pacific was the largest region in the electric vehicle charger market in 2023. The regions covered in the electric vehicle charger market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies - Major companies operating in the electric vehicle charger market include ABB Group, AeroVironment Inc., ChargePoint Inc., BP Chargemaster, Evatran Group Inc., Leviton Manufacturing Co. Inc., Webasto SE, Eaton Corporation plc, Schneider Electric SE, Siemens AG, Électricité de France S.A. (EDF), POD Point Ltd., Schaffner Holding AG, IES Synergy, Efacec Power Solutions S.A., Webasto Charging Systems Inc., Hyundai Motor Company, Alfen N.V., Allego B.V., ClipperCreek Inc., Continental AG, Magna International Inc., SemaConnect Inc., TGOOD Global Ltd., ZF Friedrichshafen AG, Robert Bosch GmbH, Delta Electronics Inc., Cyber Switching Inc., Tesla Inc., EVgo Services LLC, Electrify America LLC, Blink Charging Co., Tritium Pty Ltd., Enel X, Wallbox Chargers S.L., EVBox Group, Enphase Energy Inc., BorgWarner Inc.

Table of Contents 1. Executive Summary 2. Electric Vehicle Charger Market Report Structure 3. Electric Vehicle Charger Market Trends And Strategies 4. Electric Vehicle Charger Market – Macro Economic Scenario 5. Electric Vehicle Charger Market Size And Growth ….. 27. Electric Vehicle Charger Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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The growth of electric vehicles and higher subsidies from the government for boosting renewable areas of commuting has together enhanced the overall market share of a public charging station.

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Wireless Charging System for Electric Vehicles Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2024

Wireless charging system allows EVs to automatically charge without the need of cables. Wireless EV charging technology is ideally suited to stationary wireless charging as it opens up the possibility of charging the electric vehicle battery while the vehicle is being driven. In recent times, the wireless charging system has become more popular for EVs due to its simplicity and more convenience. However, due to increasing ownership of EVs, the government of various countries is constructing EV corridors.

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Latest released the research study on Global Wireless Charging System for Electric Vehicles Market, offers a detailed overview of the factors influencing the global business scope. Wireless Charging System for Electric Vehicles Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Wireless Charging System for Electric Vehicles The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Robert Bosch (Germany), WiTricity (United States), Texas Instruments (United States), Qualcomm (United States), Fulton Innovation (United States), Siemens (Germany), evMega (Hong Kong), Continental AG (Germany), ZTE Corporation (China), Delta Electronics (Taiwan)

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Automotive Antenna Module, Global Market Size Forecast, Top 5 Companies Rank and Market Share

Automotive Antenna Module Market Summary

According to the new market research report “Global Automotive Antenna Module Market Report 2024-2030”, published by QYResearch, the global Automotive Antenna Module market size is projected to reach USD 2.01 billion by 2030, at a CAGR of 3.3% during the forecast period.

Figure.   Global Automotive Antenna Module Market Size (US$ Million), 2019-2030

Figure.   Global Automotive Antenna Module Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Antenna Module include Laird, Harada, Yokowo, Continental, TE Connectivity, Northeast Industries, Fiamm, Riof, Ace Tech, Suzhong, etc. In 2023, the global top five players had a share approximately 67.0% in terms of revenue.

The automotive antenna module market is driven by various factors while facing certain challenges.

Drivers:

Increasing Adoption of Connected Vehicles: The growing demand for connected vehicles equipped with advanced infotainment, navigation, telematics, and vehicle-to-vehicle (V2V) communication systems drives the demand for automotive antenna modules. These modules enable reliable wireless connectivity for various applications, including voice calls, internet access, streaming media, and real-time data transmission.

Rising Demand for Advanced Driver Assistance Systems (ADAS): The integration of ADAS features such as adaptive cruise control, lane departure warning, collision avoidance, and autonomous emergency braking requires robust communication systems in vehicles. Automotive antenna modules play a crucial role in facilitating communication between onboard sensors, cameras, radar systems, and control units to enable seamless operation of ADAS functions.

Proliferation of Electric Vehicles (EVs) and Hybrid Vehicles: The growing adoption of electric vehicles and hybrid vehicles with electrified powertrains necessitates sophisticated communication systems to support vehicle diagnostics, battery management, and charging infrastructure integration. Automotive antenna modules enable wireless communication between EV components, charging stations, and remote monitoring systems.

Advancements in Vehicle Connectivity Technologies: Ongoing advancements in wireless communication technologies, such as 5G, Wi-Fi, Bluetooth, and satellite communication, drive the demand for automotive antenna modules with enhanced performance, reliability, and bandwidth. These technologies enable faster data transmission, improved signal reception, and connectivity in challenging environments, enhancing the overall user experience.

Regulatory Mandates for Vehicle Safety and Emissions: Regulatory mandates aimed at improving vehicle safety, security, and emissions drive the adoption of communication and connectivity solutions in vehicles. Requirements such as eCall (emergency call) functionality, GPS navigation systems, and vehicle-to-everything (V2X) communication standards influence the integration of automotive antenna modules to meet regulatory compliance and enhance vehicle safety features.

Challenges:

Integration and Space Constraints: Automotive antenna modules must be integrated seamlessly into the vehicle's exterior or interior design while minimizing space requirements and aesthetic impact. Limited space availability, complex vehicle architectures, and the presence of other electronic components pose challenges for antenna placement, orientation, and performance optimization.

Signal Interference and Multipath Propagation: Automotive antenna modules may experience signal interference and multipath propagation effects caused by nearby metallic structures, electromagnetic interference (EMI), or environmental obstacles. Overcoming these challenges requires advanced antenna designs, signal processing algorithms, and electromagnetic compatibility (EMC) testing to ensure reliable communication and signal reception in diverse operating conditions.

Cost Pressures and Pricing Competition: Automotive OEMs and suppliers face cost pressures to deliver cost-effective antenna solutions without compromising performance or quality. Pricing competition, global supply chain dynamics, and economies of scale influence the cost structure of automotive antenna modules, requiring suppliers to balance cost optimization with product differentiation and value-added features.

Durability and Environmental Factors: Automotive antenna modules are exposed to harsh environmental conditions, including temperature extremes, humidity, vibrations, and exposure to UV radiation and road debris. Ensuring durability, reliability, and corrosion resistance of antenna components is essential to maintain performance and functionality over the vehicle's lifespan.

Complexity of Vehicle Electronics and Software Integration: The integration of automotive antenna modules with the vehicle's electronic architecture, software systems, and communication protocols requires collaboration among multiple stakeholders, including OEMs, Tier 1 suppliers, semiconductor manufacturers, and telecommunications providers. Ensuring compatibility, interoperability, and seamless integration of antenna modules with vehicle systems poses technical and logistical challenges throughout the development and production process.

About The Authors

Yang Min - Lead Author

Email: yangmin@qyresearch.com

Yang Min is a market senior analyst specializing in chemical materials. Yangmin has 8 years’ experience in chemical materials market analysis, and focuses on chemical materials and API. He engaged in the development of technology and market reports and is also involved in custom projects.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

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Uninterruptible Power Supplies Market Scope & Growth Projection till 2032

Uninterruptible Power Supplies Market provides in-depth analysis of the market state of Uninterruptible Power Supplies manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Uninterruptible Power Supplies in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Uninterruptible Power Supplies Market Report:

The report offers a comprehensive and broad perspective on the global Uninterruptible Power Supplies Market.

The market statistics represented in different Uninterruptible Power Supplies segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Uninterruptible Power Supplies are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Uninterruptible Power Supplies.

Major stakeholders, key companies Uninterruptible Power Supplies, investment feasibility and new market entrants study is offered.

Development scope of Uninterruptible Power Supplies in each market segment is covered in this report. The macro and micro-economic factors affecting the Uninterruptible Power Supplies Market

Advancement is elaborated in this report. The upstream and downstream components of Uninterruptible Power Supplies and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/uninterruptible-power-supplies-market-101476

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Wired Charging Market - Forecast(2024 - 2030)

Wired Charging Market Overview

Wired Charging market is analysed to grow at a CAGR of 3.7% during the forecast 2021-2026 to reach $20.8 billion. Wired Charging involves connecting devices using cables to charge or power up a device. Wired charging technology has evolved over the year as it has got smarter and has faster charging capabilities. The advancements in wired charging industry such as fast charging and USB type charging have also aided the growth of the market. Recently, the market for wired chargers has been increasing due to the rise of electric vehicles and Plug in Hybrid vehicles over IC Engine vehicles that use wired charging technology through charging points for single phase electric motors. Wired charging technology also records faster charging speeds than wireless charging. Further, growing popularity of consumer electronics products and growing demand for the installation of charging stations is also expected to create positive outlook for the growth of the market. 

Wired Charging Market Report Coverage

The report: “Wired Charging Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Sound Level Meters industry.

By Component: Charging adapter and charging cable By Sales Channel/ Market: Direct /OEM and Indirect/Aftermarket By Charging Type: Fast Charging and standard charging By Charging cable: USB Type C, Micro USB, Lightning and others By Charging Adapter: Wall charger, Car charger, power bank/power hub By Application: PHEV, BEV and in vehicle Charging By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle East and Africa)

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Key Takeaways

Rising sales of electric vehicles is analysed to significantly drive the market during the forecast period 2021-2026.

Among the components, charging adaptor are analysed to hold significant share in 2020, attributed to the prolonged evolution and expansion of the electronics industry. Moreover, increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the charger adapter market.

APAC is analysed to grow at highest CAGR during the forecast period owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. The rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China will drive adoption of wired charging.

Wired Charging Market Segment Analysis – By Charging Cable

By charging cable, the wired charging market is segmented into USB Type C, Micro USB, Lightning and others. USB Type C are analysed to hold highest share at 48.9% as it is considered a ubiquitous advancement in the computing and consumer electronics industry. It began its appearance in consumer product during 2014 and has revolutionized the wired charging market through 2020. Also, tech giants are introducing new consumer electronics with USB Type C as it is reversible, allows for faster charging speeds, and supports fast media transferring functionalities. USB Type C connectors have also replaced headphone jacks from newer phones and devices. All such trends would broaden up the growth prospects for USB Type C cable during the forecast period.

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Wired Charging Market Segment Analysis – By Application

By application type, the wired charging industry is segmented into Consumer electronics, Automotive, Personal Care and others. Consumer electronics is the largest segment in the wired charging market which accounts for major share. The growth of the segment is attributed owing to increased adoption as the use of wired chargers in consumer electronics has been a traditional use and most of the people prefer wired chargers over wireless chargers as it helps in fast charging and is portable when compared to wireless chargers. Further, the increasing number of smartphone users around the globe and introduction of fast charging and USB type C chargers by the players present in the market is resulting in higher adoption of wired chargers, thereby promoting in the growth of the wired charging market.

Wired Charging Market Segment Analysis – By Geography

Asia-Pacific is analysed to be the major region with a share of 57.6% in 2020 for the wired charging owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. However, the increasing usage of wireless charging technology has poised the market growth during the forecast period. However, APAC is analysed to grow at highest rate during the forecast period 2020-2026 majorly attributed to the rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China which would further upsurge the growth of the region. In addition, increasing investments in development & adoption of advanced consumer electronic devices and high adoption of wired chargers for these devices set to drive the region growth.

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Wired Charging Market Drivers

Rising sales of electric vehicles (EVs):

The rising popularity for electric vehicles for reducing the level of pollution in the environment is driving the growing need for wired charging station for charging these electric vehicles, thereby driving the market growth. According to International Energy Agency (IEA), the number of battery electric vehicles have been increased from 1.19 million units to 3.29 million units during 2016-2018 period at global level. As the industry strive to find new advancements such as the deployment of hybrid and plug-in electric vehicles to cater industry as well as environmental needs, which has led towards the increased adoption of wired charging & related technologies. Moreover, increasing demand for autonomous vehicles set to create opportunities for the wired charging thereby powering the market growth.

Growing demand for the Installation of Charging Stations:

The growing requirement for the installation of charging station for residential and commercial purposes is emerging significantly for EV charging applications. With the rising adoption of electric vehicles, the need for efficient fast charging stations is observed which will significantly drive the need for advanced usage of cabling system to promote wired charging technology. Also, private players are also making several efforts which would positively influence the growth of the market. For Instance: Enel X, an advanced energy services subsidiary of Italian group Enel SpA, has announced the close of its project called AMBRA-Electrify Europe (AMBRA-E) in February 2020. This project will lead to the installation of more than 3,000 charging stations for electric vehicles (EVs) across Spain, Romania and Italy. Additionally, an investment of $76.8m will take place for quick, fast and ultra-fast charging points. These trends would revolutionise the wired charging industry outlook.

Wired Charging Market Challenges

Introduction of wireless charging systems along with Internet of Things (IoT) Devices:

As technology is getting more disruptive, there is a growing need for more reliable technology such as Wireless charging technology. This technology is more portable than traditional wired charging technology which is hindering the growth of wired charging market. Also, the adoption of wireless charging improves the performance of the device by making them completely waterproof and dustproof, and easier to maiWired Charging Marketntain which makes this technology better then wired charging. All such factors are restraining the growth of the Global wired charging market.

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Wired Charging Market Landscape

Product launches, Acquisition, Partnership, Expansion, and R&D investment activities are key strategies adopted by players in the Wired Charging Market. The key players in the market include ChargePoint, Inc, ABB Ltd, Webasto Group, Dell Inc, Apple Inc, Samsung Electronics Co., Ltd, Anker Innovations Ltd, RAVPOWER, Huawei and Aukey

Expansions/Product Launches/ Investments

In June 2020, Webasto Group opened a new roof plant and battery center in Jiaxing (China). It will also manufacture charging stations and electric heaters along with the roofs for automotive industry.

In December 2019, ChargePoint launched ChargePoint Home Flex,a charging station for residential use. The device delivers 50amps with 9 times faster charging than standard outlet.

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Wireless Charging Market - Global Size, Share & Industry Analysis, Forecast to 2029

The global wireless charging market size is estimated to be valued at USD 6.4 billion in 2024 and is anticipated to reach USD 16.0 billion by 2029, at a CAGR of 20.3% during the forecast period. 

The market growth is ascribed to emerging trends in wireless charging, increased Integration in Electric Vehicles (EVs), integration into Furniture and Infrastructure, Long-range wireless charging, and Bi-directional wireless charging.

The inductive technology segment accounted for the largest share of the wireless charging market in 2023.

The Inductive technology is widely employed in wireless charging due to its efficiency, convenience, and widespread adoption. Notably used in the Qi wireless charging standard, inductive systems provide a close coupling between transmitter and receiver coils, minimizing energy loss during charging. The technology is recognized for its alignment tolerance, allowing users some flexibility in device placement on charging pads. Inductive charging is considered safe, with communication between the pad and device to ensure proper power delivery and prevent overheating. Its cost-effectiveness, established ecosystem, and adaptability to various devices, including smartphones and wearables, contribute to its popularity. While inductive technology dominates the wireless charging market, other technologies like resonant and radio frequency offer alternative advantages depending on specific application requirements.

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The receiver’s segment is to hold the largest market share during the forecast period.

The wireless charging receivers are central to the evolution of cordless power solutions, adhering to standardized specifications for compatibility with various transmitters. The receiver segment is further divided into the aftermarket and integrated subsegments. Enhanced thermal management addresses heat dissipation challenges, ensuring reliability. In a competitive market, innovation drives the development of receivers, emphasizing improved energy harvesting, robust communication protocols, and user-friendly experiences. The increased adoption of smart and portable devices such as smartphone, smartwatch and earbuds is driving the receiver’s sales in market.

Automotive application will grow at the highest CAGR during the forecast period.

The wireless charging market in automotive industry is primarily driven by the adoption of electric vehicles (EVs). Wireless charging technology has become integral in the automotive industry, particularly for electric vehicles (EVs). An electric vehicle that requires charging is parked at a garage or parking space and automatically charged through a charger fixed under the floor beneath it. This technology minimizes dependence on physical cables, offering a cleaner and more convenient charging experience. The removal of physical connectors and cables not only enhances user satisfaction but also contributes to the widespread appeal of wireless charging in the realm of electric vehicles. Government initiatives that promote EV adoption, ongoing advancements in wireless charging technologies, and their integration by automotive Original Equipment Manufacturers (OEMs) collectively contribute to the robust growth of this technology. Fleet electrification trends across both consumer and commercial segments, coupled with the potential role of wireless charging in smart city initiatives and urban planning, underscore the diverse factors propelling the swift expansion of wireless charging within the automotive sector.

Asia Pacific region to grow at the highest CAGR during the forecast period.

The Asia Pacific region is segmented into China, Japan, India, and the Rest of Asia Pacific,  representing the fastest-growing market for wireless charging. Both Japan and India stand out as the world's fastest-growing economies. The widespread proliferation of smartphones in major markets like China, South Korea, and Japan has increased the demand for convenient charging solutions. The region's tech-savvy consumer base readily embraces innovative technologies, contributing to the swift adoption of wireless charging. Additionally, the presence of key industry players and the region's status as a manufacturing hub facilitate the production and distribution of wireless charging products. The rise of electric vehicles in Asia Pacific further propels the need for wireless charging infrastructure, aligning with the broader shift toward sustainable transportation.

Key Market Players

The major companies in the wireless charging companies are Energizer (US), SAMSUNG (South Korea), Plugless Power Inc. (US), Ossia Inc. (US), and Qualcomm Technologies, Inc. (US),  Leggett & Platt, Incorporated (US), Infineon Technologies AG (Germany), Renesas Electronics Corporation (Japan), Texas Instruments Incorporated (US), WiTricity Corporation (US) and others.

[sonali2345]

"Empowering Energy: Key Players and Trends in the Battery Monitoring Industry

Battery monitoring systems are designed to inform users about the real-time status and health of batteries or battery banks, providing alerts on battery failures and the net charge available. These systems play a crucial role in preventing severe damage, prolonging battery life, and ensuring efficiency. Monitoring charging, discharging, load, AC mains frequency and voltage, ambient temperature, and battery temperature are key functions of a battery monitoring system. Additionally, these systems generate live reports on battery performance and trigger alarms in case of any faults. 

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COVID-19 Impact Analysis 

The global effects of the COVID-19 pandemic have significantly impacted the battery monitoring system market. Disruptions in exports, imports, manufacturing, and changes in consumer consumption patterns have led to challenges and a shift in demand during the pandemic. 

Top Impacting Factors 

The increasing adoption of battery monitoring systems in electric vehicles (EVs) is a major driver for market demand. Governments globally support battery manufacturers for EVs, aligning with the transition to renewable energy sources. Additionally, the need to prevent unplanned outages, the rise in demand for electric vehicles, and improved operational efficiency contribute to the growing demand for battery monitoring systems. 

Market Trends 

Growing Demands for Electricity at Various End-Use Industries: The necessity to prevent unplanned outages, coupled with the increased demand for electric vehicles and improved battery operational efficiency, drives the demand for battery monitoring systems. The rise in renewable power generation and the use of these systems in data center applications further boost market growth. 

Increased Usage in Data Centers: Data centers, critical for organizations' core applications, rely on batteries for uninterrupted power supply. Integrating battery monitoring systems enhances operations and safety in data centers, where battery failures can disrupt operations and result in financial losses. 

Focus on Environmental Safety Concerns: The growing demand for clean energy and concerns about global warming have led to a shift towards environmentally friendly solutions. Battery monitoring systems play a crucial role in ensuring the proper functioning of clean technologies and applications dependent on batteries, thereby supporting environmental safety initiatives. 

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Key Benefits of Report 

The report provides an analytical overview of the battery monitoring system market, offering insights into current trends and future estimations to identify potential investment opportunities. It covers key drivers, restraints, and opportunities, along with a detailed analysis of market share. The quantitative analysis highlights the growth scenario, while Porter's five forces analysis illustrates buyer and supplier potency. The report offers a comprehensive analysis of the battery monitoring system market based on competitive intensity and future competition dynamics. 

Battery Monitoring System Market Report Highlights 

Aspects Details 

By Type 

Wired 

Wireless 

By Component 

Hardware 

Software 

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By Application 

Telecommunication 

Automotive 

Energy 

Industries 

Others 

By Battery Type 

Lithium-ion 

Lead Acid 

Others 

By Energy Storage 

Batteries 

Thermal 

Mechanical 

By Region 

North America (U.S., Canada, Mexico) 

Europe (France, Germany, Italy, Spain, United Kingdom, Rest of Europe) 

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

LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA) 

Key Market Players ABB, BatteryDAQ, Schneider Electric, Hbl Power Systems, Eagle Eye Power Solutions, LLC, Btech Inc, Socomec, Powershield, Canara, Texas Instrument 

[rohitpalan]

Consumer Behavior and Market Adoption of Cellular IoT Modules

According to Future Market Insight, the cellular IoT modules market is worth US$ 16.88 Bn in 2023 and US$ 20.83 Bn by 2033. A CAGR of 23.4% is anticipated in the market during the forecast period.

It is projected that the rising adoption of 5G technology drives further market expansion. Demand for cellular IoT modules is expected to rise as a result of the 5G technology’s increased data speeds, lower latency, and more coverage.

The growth of mHealth services and government initiatives to support IoT in healthcare are also expected to contribute to the cellular IoT module market expansion. The overall market share is being impacted by the expansion of healthcare facilities and the rising demand for healthcare services.

A crucial component of cellular IoT security policy is cloud-based security, as insecure cloud infrastructure increases the risk of data theft and device piracy. For instance, a drone used for surveillance or delivery can process information like imaging data and navigational instructions on its own.

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Applications of Cellular IoT Modules in Different Industries

Automotive Industry: The sales of cellular IoT modules in the automotive industry are expected to grow significantly during the forecast period due to the increased demand for connected automobiles. Since connected automobiles allow communication between vehicles and with the outside world, the automotive industry is projected to undergo substantial change as a result.

Telecom Industry: Currently, the telecom industry improves the cellular IoT modules market outlook. The market’s expansion is also aided by the industry’s rapid digitization and growing level of automation. Solutions for the Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines are being implemented by numerous medium-sized and large-scale businesses.

Key Takeaways 

The cellular IoT module market is likely to register at a CAGR of 23.4% during the forecast period.

Historically, the cellular IoT module market registered at a CAGR of 17% between 2018 and -2022.

The value of the cellular IoT module market is expected to be US$ 20.83 Bn by 2033.

Based on components, the hardware segment is likely to register at a 26.5% CAGR in the cellular IoT module market.

North America shows significant growth in the cellular IoT module market by 2033.

During the forecast period, the cellular IoT module market in China is likely to dominate.

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Competitive Landscape 

The inclusion of cellular IoT modules in the product lines of telematics solution providers has made it easier for fleet managers and off-highway vehicle OEMs to gather and analyze data to identify significant patterns and issues in the field’s instrumentation usage.

Furthermore, it is projected that a number of elements, such as robust security, ubiquitous quality, and resilient networks, would energize the sector over the coming several years.

Recent Developments:

In order to fulfill the rising need from the industry for smart-grid communications between charging stations and automobiles, Qualcomm developed a new power line communication device in May 2022.

In order to address the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment, Qualcomm Technologies, Inc. has developed the QCA7006AQ, a next-generation power line communication (PLC) device (EVSE).

The HL7845 Module was developed by Sierra Wireless in April 2021. The standard provides a 450 MHz wireless spectrum to meet the IoT connectivity requirements of European utility services.

In February 2021, Fibocom partnered with Red Tea, a leading provider of connection solutions, and Deutsche Telekom, the largest integrated telecoms company in the world, to ensure that it only provided best-in-class advertising nuSIM IoT components.

Key segments

By Component:

Hardware

Software

By Cellular Technology:

3G

4G

5G

LTE-M

NB-Iot

Others

By End Use Industry:

Agriculture

Healthcare

Retail

Energy

Automotive & Transportation

Infrastructure

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia and Pacific

Middle East & Africa

[vertexbusinessinsights]

EV Charging (WEVC) Market, Share, Size, Trends, Industry Analysis, Forecast and Outlook – 2030

The Wireless EV Charging (WEVC) Market has been extensively analysed in this research report, with a focus on recent developments, market dynamics, and potential growth areas. Including important regions including North America, Europe, Asia-Pacific, and emerging countries, the study examines the global market for Wireless EV Charging (WEVC). Furthermore, it looks at the major variables…

[sudeepkedar]

Expedition Truck Market 2023-2032; Growth Forecast & Industry Share Report

Expedition Truck Marketis projected to cross USD 400 Mn by 2032. In recent years, consumer inclination toward recreational activities and safer driving experiences have accelerated the demand for advanced expedition trucks. Additionally, the advent of electric and low-carbon vehicles is introducing a whole new range of automobiles designed for expedition purposes. For instance, modern expedition trucks feature USB charging capabilities, Type-C fast charging technology, 12V/24V charging ports, and wireless charging pads.

Leading automobile manufacturers are foraying into the space of EVs to boost the production of electric cars, trucks, and other vehicles. For instance, in March 2023, Ford Motor Co, an American automaker, announced plans to build the capacity of its new and under-construction BlueOval City complex in Tennessee to 500,000 electric trucks a year.

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Based on weight, the demand for 3.5-7.5 tonne expedition trucks will grow significantly from 2023 to 2032, owing to ongoing advancements in smart mobility. Recent advancements and the incorporation of next-generation technologies such as ML and AI will boost the adoption of these vehicles. Moreover, growing user preference for high-quality standards in interior construction featuring space-efficient solutions and the increasing trend of minimalism offers lucrative business prospects.

In terms of drive systems, the market is segmented into above 4WD, 2WD, and 4WD. Among these, the industry valuation from the above 4WD segment reached USD 20 million in 2022. Expedition trucks with a drive system above 4WD are suitable for use over rough terrains as they ensure higher stability and grip on the surface. A rise in off-roading events and recreational activities will spur the demand for these vehicles over the estimation period.

Based on type, the industry is classified into overland vehicles, Class A, Class B, and Class C. The overland vehicle market share will reach over USD 105 million by 2032 due to several benefits, such as the cost-effective transportation of goods associated with overland vehicles. These vehicles are experiencing a rise in applications across ports and logistics. The increasing focus on improving the supply chain across a diverse business vertical is fueling the deployment of expedition trucks for logistics purposes, which will favor segment growth through 2032.

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From a regional frame of reference, Europe expedition trucks market was worth USD 90 million in 2022, driven by several recreational associations. Europe is home to major organizations such as Uni VDL in France, and Caravanning Industry Association in Germany, regulated by the European Caravan Foundation. The region also has a rich caravanning culture with increasing spending on caravans. In 2021, Europe witnessed a record high of 218,301 new registrations for motor caravans. These optimistic scenarios are poised to create a favorable growth outlook for the regional industry.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Expedition Truck market 360º synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Weight trends

2.5    Drive System trends

2.6    Type trends

Chapter 3   Expedition Truck Market Insights

3.1    Impact on COVID-19 impact

3.1.1    North America

3.1.2    Europe

3.1.3    Asia Pacific

3.1.4    Latin America

3.1.5    MEA

3.2    Russia- Ukraine war impact

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Component suppliers

3.3.3    Manufacturers

3.3.4    Distribution Channel analysis

3.3.5    End-use landscape

3.3.6    Vendor matrix

3.3.7    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.7    Regulatory landscape

3.7.1    International standards

3.7.2    North America

3.7.3    Europe

3.7.4    Asia Pacific

3.7.5    Latin America

3.7.6    MEA

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   The proliferation of the tourism industry and the rising number of expedition trucks in North America

3.8.1.2   Increasing consumer spending on camping and tourism activities

3.8.1.3   Growing demand for luxurious and technologically advanced expedition trucks across Europe

3.8.1.4   Rising utilization of expedition trucks in defense and military

3.8.2    Industry pitfalls & challenges

3.8.2.1   High purchase and maintenance costs of expedition vehicles

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    PESTEL analysis

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

[electronalytics]

Industrial Battery Charging Systems Market Overview, Outlook by 17-2032

Overview: The industrial battery charging systems market is an integral part of the industrial sector, as it caters to the charging and maintenance of batteries used in various industrial applications. These systems are designed to provide efficient and reliable charging solutions for a wide range of batteries, including lead-acid, lithium-ion, and nickel-cadmium batteries, among others.The Global Battery Charger Market is projected to register a CAGR of 6.4% during 2023-2030

The market for industrial battery charging systems has been experiencing steady growth in recent years, driven by factors such as increasing industrialization, the growing demand for uninterrupted power supply, and the rising adoption of electric vehicles and renewable energy systems. These charging systems play a crucial role in maintaining the performance and lifespan of batteries, ensuring optimal power storage and usage.

Trends and Growth Drivers:

Increasing Demand for Electric Vehicles (EVs): The rising popularity of electric vehicles has fueled the demand for industrial battery charging systems. These systems are essential for charging the batteries used in electric cars, buses, and other EVs, thereby driving market growth.

Growth in Renewable Energy Systems: The expansion of renewable energy installations, such as solar and wind power, has created a need for efficient battery storage solutions. Industrial battery charging systems are employed to charge and manage batteries used in renewable energy systems, enabling energy storage for later use.

Advancements in Battery Technology: The development of advanced battery technologies, including lithium-ion batteries with higher energy densities and longer lifespans, has increased the demand for sophisticated charging systems. These systems incorporate intelligent charging algorithms and safety features to optimize battery performance.

Focus on Energy Efficiency: There is a growing emphasis on energy efficiency in industrial operations to reduce costs and minimize environmental impact. Industrial battery charging systems are designed to provide high-efficiency charging, reducing energy consumption and improving overall operational efficiency.

Industry Analysis: The industrial battery charging systems market is highly competitive, with several global and regional players competing for market share. Key manufacturers in the market offer a range of charging systems with varying capacities and features to cater to diverse industrial requirements.

The market is characterized by ongoing technological advancements, such as the integration of smart charging capabilities, wireless charging solutions, and the development of fast-charging systems. These advancements aim to enhance charging speed, improve user convenience, and enable intelligent monitoring and control of the charging process.

Demand Outlook: The demand for industrial battery charging systems is expected to continue growing in the coming years. The increasing adoption of electric vehicles, the expansion of renewable energy installations, and the need for reliable power backup systems in industrial applications are major factors contributing to market growth.

Furthermore, government initiatives promoting clean energy and the transition to electric mobility are likely to drive the demand for industrial battery charging systems. Additionally, the integration of artificial intelligence and Internet of Things (IoT) technologies in charging systems is expected to provide new growth opportunities in the market.

In conclusion, the industrial battery charging systems market is witnessing steady growth due to the increasing demand for electric vehicles, renewable energy systems, and efficient power backup solutions. Technological advancements and a focus on energy efficiency are shaping the industry landscape, while government initiatives and evolving technologies offer promising prospects for the future.

The industrial battery charging systems market offers several key benefits for businesses and industries that rely on batteries for their operations. These benefits include:

Enhanced Battery Performance: Industrial battery charging systems ensure optimal charging protocols that are tailored to specific battery types, chemistries, and capacities. Proper charging techniques result in enhanced battery performance, longevity, and reduced downtime.

Increased Productivity: Efficient charging systems minimize the time required to charge batteries, reducing waiting times and downtime. This leads to increased productivity and operational efficiency in industries that heavily depend on battery-powered equipment and vehicles.

Cost Savings: Optimized charging reduces energy waste and extends battery life, resulting in cost savings on battery replacements and electricity consumption. Businesses can also avoid the costs associated with unplanned downtime due to battery failure.

Safety and Reliability: Industrial battery charging systems incorporate safety features to prevent overcharging and overheating, ensuring safe charging processes and reducing the risk of battery damage or accidents.

Flexibility and Compatibility: Charging systems are designed to accommodate various battery chemistries and sizes, providing flexibility for industries that use different types of batteries for diverse applications.

Environmental Sustainability: Efficient charging processes reduce energy consumption, contributing to environmental sustainability by lowering greenhouse gas emissions and overall carbon footprint.

Remote Monitoring and Control: Advanced charging systems may offer remote monitoring and control capabilities, allowing operators to oversee charging processes and battery health, even from a centralized location.

Compliance with Regulations: Many industrial settings are subject to safety and environmental regulations. By using compliant charging systems, businesses can adhere to industry standards and meet regulatory requirements.

Adoption of Renewable Energy Integration: Some industrial battery charging systems can be integrated with renewable energy sources, such as solar or wind power, promoting the use of clean energy and reducing reliance on grid electricity.

Customization and Scalability: Charging systems can be customized to meet specific industry needs and scaled to accommodate future growth, making them suitable for a wide range of applications and operational requirements.

Reduced Maintenance Costs: Proper charging helps prevent battery damage and extends their service life, reducing the frequency of battery replacements and associated maintenance costs.

Compatibility with Smart Technologies: Advancements in charging systems may include compatibility with smart technologies, enabling better battery management, predictive maintenance, and remote diagnostics.

Overall, industrial battery charging systems play a crucial role in optimizing battery performance, promoting operational efficiency, and reducing costs, making them indispensable tools for various industries that rely on battery-powered equipment and vehicles.

We recommend referring our Stringent datalytics firm, industry publications, and websites that specialize in providing market reports. These sources often offer comprehensive analysis, market trends, growth forecasts, competitive landscape, and other valuable insights into this market.

By visiting our website or contacting us directly, you can explore the availability of specific reports related to this market. These reports often require a purchase or subscription, but we provide comprehensive and in-depth information that can be valuable for businesses, investors, and individuals interested in this market.

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Market Segmentations:

Global Industrial Battery Charging Systems Market: By Company

• Delta

• ABB

• Exide Technologies

• Hitachi

• Crown Battery

• ENERSYS

• Motor Appliance Corporation

• Gs Yuasa International

• Ametek Prestolite Power

• Sevcon

• Lester Electrical

• AEG Power Solutions

• Kirloskar Electric Company

• SBS Chargers

• Kussmaul Electronics

• Alpine Power Systems

Global Industrial Battery Charging Systems Market: By Type

• Wireless Charging

• Wired Charging

Global Industrial Battery Charging Systems Market: By Application

• Manufacturing

• Transportation

• Utilities & Telecommunications

• Other

Global Industrial Battery Charging Systems Market: Regional Analysis

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial Battery Charging Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South Americ.

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Reasons to Purchase Industrial Battery Charging Systems Market Report:

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Competitive Analysis: Market research reports typically include a competitive analysis section that identifies key players in the ULSFO market and evaluates their market share, strategies, and product offerings. This information helps businesses understand the competitive landscape, benchmark their performance against competitors, and identify areas for differentiation and growth.

Market Trends and Forecast: Market research reports provide insights into current market trends and future forecasts, enabling businesses to anticipate changes in the ULSFO market. This information is valuable for strategic planning, product development, investment decisions, and identifying emerging opportunities or potential threats in the market.

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