Ontario International Airport began 2021 with double-digit gain in cargo volume while pandemic continued to depress passenger numbers

ONTARIO, Calif., Feb. 16, 2021 /PRNewswire/ — Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in commercial freight volume while the COVID-19 pandemic continued to depress passenger numbers.

<a href="https://mma.prnewswire.com/media/1438749/Ontario_International_Airport_Southwest_737_and_UPS_A300.html" target="_blank"…

ONTARIO, Calif., Feb. 16, 2021 /PRNewswire/ — Ontario International Airport (ONT) began 2021 just as it closed out 2020, with a double-digit increase in commercial freight volume while the COVID-19 pandemic continued to depress passenger numbers.

January freight volume totaled more than 70,500 tons, a 15.6% increase compared to the same month last year and extending a trend of robust cargo shipments as Southern Californians continued to rely heavily on e-commerce to keep their households and businesses supplied. At the same time, shipments of mail more than doubled year-over-year to 3,225 tons.

«Cargo continued to be a source of strength in January like it was for all of 2020,» said Mark Thorpe, chief executive officer of the Ontario International Airport Authority. «Freight shippers continued to show great confidence in our ability to provide the infrastructure and facilities they needed to meet increasing demands on the e-commerce supply chain.»

January’s cargo volume continued a trend of double-digit growth at ONT, a leading North American carbo hub which saw freight tonnage increase by 10% or more in 10 different months last year.

In November, FedEx Express, a subsidiary of FedEx Corp. completed a $100 million investment in its ONT facilities, the centerpiece of which is a 251,000 square-foot complex with a sorting facility capable of handling 12,000 packages per hour, nine wide-body aircraft gates, 14 feeder aircraft gates and 18 truck docks. 

Air cargo

(tonnage)

January

2021

January

2020

Change

Freight

70,547

61,027

15.60%

Mail

3,225

1,587

103.23%

Total

73,772

62,614

17.82%

Meanwhile, passenger volume continued to be impacted by the pandemic as nearly 152,000 air travelers moved through ONT in January, 66% less than January 2020. More than 145,000 were domestic passengers and 6,475 were international fliers, decreases of 65% and 79%, respectively.

Thorpe expressed a note of optimism for higher passenger traffic this year, pointing out that airlines operating at ONT have announced plans to restart or initiate new flights to nine U.S. destinations by May while Colombia-based Avianca Airlines will begin service to El Salvador this summer. The Avianca route will be the first to Central America from the Inland Empire.

Passenger

Totals

January

2021

January

2020

Change

Domestic

145,385

423,643

-65.68%

International

6,475

30,896

-79.04%

Total

151,860

454,539

-66.59%

About Ontario International Airport
Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport which, before the coronavirus pandemic, offered nonstop commercial jet service to 26 major airports in the U.S., Mexico and Taiwan. More information is available at www.flyOntario.comFollow @flyONT on Facebook, Twitter, and Instagram   

About the Ontario International Airport Authority (OIAA)
The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport’s four-county catchment area. OIAA Commissioners are Ontario Mayor Pro Tem Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).

OIAA Media Contact:
Steve Lambert, (909) 841-7527 slambert@flyontario.com

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SOURCE Ontario International Airport

Momentum Dynamics And Eurovia (UK) Announce Memo Of Understanding To Provide Wireless Charging Solutions To UK Cities

MALVERN, Pa., Feb. 16, 2021 /PRNewswire/ — Momentum Dynamics Corporation, a leading provider of wireless charging for electric vehicles, and Eurovia UK, the entity responsible for maintaining and improving over 50,000 kms of the UK’s highway network, have announced a Memorandum of Understanding where the two companies will collaborate to develop wireless EV charging solutions for UK cities and fleets.  

MALVERN, Pa., Feb. 16, 2021 /PRNewswire/ — Momentum Dynamics Corporation, a leading provider of wireless charging for electric vehicles, and Eurovia UK, the entity responsible for maintaining and improving over 50,000 kms of the UK’s highway network, have announced a Memorandum of Understanding where the two companies will collaborate to develop wireless EV charging solutions for UK cities and fleets.  

Momentum and Eurovia Plan the Future of City-based EV Charging

The MOU heralds the beginning of a long-term partnership that will deliver a cable-free solution to the UK’s electric vehicle charging network. 

Wireless Charging Enables Fleets while Keeping Cities Clean
Wireless charging for electric vehicles allows practically invisible charging during regular operation. The system is automatic and dispenses with the need for visually-detracting cabling. While in-service, such as during the loading of passengers, an equipped vehicle parks over charging pads that are sunk into or on the roadway. The vehicle then receives incremental charging of a few minutes or longer before resuming duties.  The charging is automatic and requires no operation by the driver.  Charging ends as the vehicle departs from the pad.  The Momentum Dynamics wireless system can provide energy to vehicles from 25-450 kW.  The system can be used on all types of electric vehicles, from cars and buses to drayage and depot haulers and class 8 trucks/HGVs. The system is modular in design and is therefore easily scalable, works in all weathers and is unaffected by rain, ice or snow.

UK Cities Need to Adopt Diverse Approaches to EV charging
In 2019, the UK Government became the first major economy to enshrine net zero in law. Our challenge: achieving net zero greenhouse gas emissions by 2050, is significant – the transport sector is currently responsible for 28% of the UK’s domestic carbon emissions. As the government’s advisory body, the Committee for Climate Change (CCC), has put it: the 2020s must be the decisive decade of progress and action on climate change. The move to ban ICE vehicles by 2030, and the huge leap in consumer demand for EVs show we are starting to make changes in the right direction.  However, different use cases need different charging solutions and the aim should be to deliver the most appropriate and efficient solution for each case.

As the Department for Transport prepare to publish their Decarbonisation Plan for Transport this Spring, anything we can do to minimise carbon impacts will make a difference.

«From our work with many Highway Authorities up and down the UK, we understand the need to develop and deliver real solutions to the climate challenge. The Momentum Dynamic solution is one we think will make an immediate difference – providing wireless charging in a cost-efficient, time-efficient and visually appealing way.» said Yogesh Patel, Eurovia UK’s Process and Improvement Director. «As we plan for the long-term adoption of electric vehicles, we need to ensure we develop infrastructure that adds value to our communities without additional clutter on our streets.  We were inspired with Momentum’s work on wireless taxis with Jaguar Land Rover in Oslo and we see wireless charging as one of the solutions we need to explore to achieve net zero in the UK.»

Momentum Dynamics CEO, Andrew Daga said, «The cities of the future will charge their vehicles wirelessly – whether those vehicles are driven by people or especially when driven autonomously. This means we need to plan today for that very near tomorrow. Our work with Eurovia UK will accelerate the adoption of electric vehicles without adding unsightly cables to our lives and move us all toward a cleaner future.»

About Momentum Dynamics
Momentum Dynamics is a market-leading original technology developer of efficient, automatic, wireless charging systems for the automotive and transportation industries with real-world technology in operation that proves the capability and need for fast, automated opportunity charging of electric vehicles.  In transit bus applications, Momentum’s system has been proven through years of service at effective power levels of over 300 kW and the system is capable of delivering 450 kW. The company has announced a project with Jaguar Land Rover to supply 50kW wireless-charged I-Pace taxis to Oslo, Norway in Q1 2021. Momentum Dynamics practices world-class technology innovation and is recognized for the unique expertise of its engineers and scientists.

About Eurovia UK

Eurovia UK Limited is the parent company of the following businesses: Ringway Infrastructure Services Limited – a leader in operating, managing and maintaining long-term local authority highway contracts; Jean Lefebvre (UK) Limited – a technical consultancy delivering the highest standard of technical services and product development; and Eurovia Infrastructure Limited – the road contracting, specialist surfacing contracting and asphalt production businesses.

Eurovia UK Limited is a wholly owned subsidiary of Eurovia SAS which is a leading global transport and infrastructure services provider. Eurovia UK businesses support services across over 50,000kms of the UK highways network.

Safe Harbor Statement
This press release contains forward-looking statements regarding the Momentum Dynamics’ future growth.  These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expectations, including access to future capital at terms favorable to Momentum Dynamics, competition, general economic, business, and market conditions, and other risks and uncertainties that may adversely impact our business.  Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Momentum Dynamics’ business including but not limited to, increased competition; the ability of Momentum Dynamics to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks. 

References:

1.    Under the UK Climate Change Act, the UK must reach Net Zero Greenhouse Gas emissions by 2050. The Act also requires the Government to set a new Carbon Budget every five years, following the advice of the Climate Change Committee. The Sixth Carbon Budget must be legislated by June 2021. Sixth Carbon Budget – Committee for Climate Change Building back better – Raising the UK’s climate ambitions for 2035 will put Net Zero within reach and change the UK for the better – Climate Change Committee (theccc.org.uk)

2.    Sales of pure electric and plug-in hybrid cars soared last year, with more than 175,000 vehicles registered representing a growth of 140%. – Fleet News 14th Jan 2020Plug-in car sales grew by 140% in 2020 | Electric fleet news

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SOURCE Momentum Dynamics Corporation

According to Fluoride Action Network, the NAS strengthens findings on fluoride’s neurotoxicity

NEW YORK, Feb. 16, 2021 /PRNewswire/ — The Fluoride Action Network (FAN), a non-profit group dedicated to education on fluoride’s toxicity, finds that the National Academies of Sciences’ (NAS) recent <a target="_blank"…

NEW YORK, Feb. 16, 2021 /PRNewswire/ — The Fluoride Action Network (FAN), a non-profit group dedicated to education on fluoride’s toxicity, finds that the National Academies of Sciences’ (NAS) recent peer-review of the National Toxicology Program’s (NTP) revised report, strengthens the NTP’s conclusion that «fluoride is presumed to be a cognitive neurodevelopmental hazard to humans» lowering the IQ of children.

FAN agrees with the NAS that the NTP should place «more emphasis» on the «marked consistency» of the evidence:

«… 44 of the 46 studies … indicate an association between higher fluoride exposures and lower IQ. Those results highlight the marked consistency in the current epidemiologic literature on fluoride and childhood IQ.»

FAN adds that its own analysis indicates 15 of the 17 highest quality lower-dose studies most relevant to water fluoridation demonstrated the same «marked consistency» as did higher-exposure studies. 

FAN agrees with the NAS that NTP should not make definitive statements about fluoride’s effects at low doses until a «dose-response» analysis has been performed. This has been falsely interpreted by fluoridation defenders to imply that that lower doses are not neurotoxic!

In reality, the best human studies (Bashash 2017, 2018; Green 2019; Till 2020) have found neurotoxic harm to occur at current exposure levels for people living in fluoridated communities. When FAN and others have used the methods advocated by the NAS they predict a safe reference dose (RfD) which is extremely low. A pre-print study by Grandjean et al. report a very low safe reference dose needed to protect the fetus. FAN’s analysis confirms their conclusion.

As far as exposure to the fetus or the bottle-fed infant is concerned, we believe, as with lead, there is «no safe level» for exposure to fluoride.

The NAS made numerous technical suggestions to improve the «clarity» of the document.  FAN agrees these would improve and strengthen the NTP report, but they are unlikely to alter the NTP’s conclusion that fluoride is a «presumed» developmental neurotoxicant.

According to Paul Connett, FAN director, «There is enough scientific evidence to conclude that both pregnant women and parents’ bottle-feeding infants, be warned to avoid fluoride. The only responsible thing now is for U.S. regulatory bodies to halt their support of water fluoridation. An immediate moratorium should be imposed so that no further damage is done to the mental development of children while further investigations are conducted.»

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SOURCE Fluoride Action Network

S&P Global makes over 9,000 ESG Scores publicly available to help increase transparency of corporate sustainability performance

NEW YORK, Feb. 16, 2021 /PRNewswire/ — S&P Global (NYSE: SPGI) launched a new public webpage highlighting S&P Global’s full suite of environment, social and governance (ESG) solutions, and for the very first time, access to S&P Global ESG Scores on 9,200 companies. S&P Global ESG Scores are the key…

NEW YORK, Feb. 16, 2021 /PRNewswire/ — S&P Global (NYSE: SPGI) launched a new public webpage highlighting S&P Global’s full suite of environment, social and governance (ESG) solutions, and for the very first time, access to S&P Global ESG Scores on 9,200 companies. S&P Global ESG Scores are the key factor for selecting companies for the Dow Jones Sustainability Indices (DJSI). The underlying data is also used as one of the analytical tools for a growing series of S&P ESG indices and S&P Global Market Intelligence Portfolio ESG Analytics, as well as being an entry point for the S&P Global Ratings ESG Evaluation.

Based on market demand for increased transparency into a company’s ESG profile, users can now search the widest coverage of ESG scores in the market. The publicly available S&P Global ESG Scores are a performance-based score ranging from 0-100 and include «E,» «S» and «G» dimension scores, peer comparisons, historical changes, and material ESG criteria data by industry. The score is informed by over 1,000 data points collected from both public sources and data provided directly by companies through the S&P Global Corporate Sustainability Assessment (CSA).

Martina Cheung, Head of ESG at S&P Global and President of S&P Global Market Intelligence said: «With increasing interest in ESG, reporting standards are evolving and market participants across every industry are looking to measure and manage ESG risks and opportunities. As one of the world’s most trusted data and analytics providers, S&P Global is committed to providing more transparent and comparable insights on ESG performance. The launch of publicly available S&P Global ESG Scores on over 9,000 companies, backed by the legacy of the CSA, will help increase dialogue and enable actionable decisions for all market participants.»    

The CSA, which is the basis for the S&P Global ESG Scores, is widely recognized as one of the most advanced ESG scoring methodologies and draws upon over 20 years of experience analyzing the impact of sustainability practices on a company’s long-term value creation. S&P Global ESG Scores are available on 9,200 companies, representing 95% of global market capitalization. 

Notable features on the new ESG webpage include:

  • An easy-to-use ESG Score finder with in-depth information on criteria and methodology.
  • The fully integrated S&P Global Sustainability Yearbook, one of the world’s most comprehensive publications providing in-depth analysis on corporate sustainability performance.
  • The ESG Product Finder, powered by Kensho and based on the S&P Global Marketplace storefront, features a suite of ESG product offerings from S&P Dow Jones Indices, S&P Global Market Intelligence, S&P Global Platts, S&P Global Ratings and S&P Global Trucost.

To learn more about S&P Global’s ESG solutions, please visit spglobal.com/esg.

About S&P Global

S&P Global is the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering deep data and insights on critical business factors including ESG. The Company’s divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. S&P Global has approximately 21,000 employees in 35 countries. For more information visit www.spglobal.com.

Media Contact
Farhan Husain
Head of ESG Communications
Farhan.husain@spglobal.com

 

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SOURCE S&P Global

Dr. Craig Horne joins Wellhead as Managing Director of Energy Storage

SACRAMENTO, Calif., Feb. 16, 2021 /PRNewswire-PRWeb/ — Wellhead Electric Company is pleased to announce that Dr. Craig R. Horne recently joined the Wellhead family of companies as the Managing Director of Energy Storage. Dr. Horne will lead Wellhead’s energy storage business unit and be responsible for the design and deployment of storage projects throughout Wellhead’s portfolio of sites.

Dr. Horne brings an impressive background of education and experience…

SACRAMENTO, Calif., Feb. 16, 2021 /PRNewswire-PRWeb/ — Wellhead Electric Company is pleased to announce that Dr. Craig R. Horne recently joined the Wellhead family of companies as the Managing Director of Energy Storage. Dr. Horne will lead Wellhead’s energy storage business unit and be responsible for the design and deployment of storage projects throughout Wellhead’s portfolio of sites.

Dr. Horne brings an impressive background of education and experience including 30 years of energy technology and engineering experience, a Ph.D. from UC Berkley in Materials Science & Mineral Engineering, prestigious professional honors and awards, numerous patents and journal publications. He is former Board Chair of the Energy Storage Association (ESA) and remains actively involved in several other industry and community organizations.

Dr. Horne had the following comments about this opportunity. «I am excited to become part of the innovative and entrepreneurial Wellhead family and augment our role in increasing the reliability and sustainability of the US electric grid. The accomplishments by the Wellhead team over nearly four decades has resulted in patents on transformative technologies like the Electric Gas Turbine/EGT® platform for existing resources. I’m excited about the potential of using energy storage technology to significantly reduce GHG emissions and water consumption at gas turbine sites. Wellhead’s inventive culture is a true incubator for creating unique approaches to optimize storage economics and using novel technologies as the basis of clean, reliable generation projects.»

Hal Dittmer, president and founder of Wellhead, commented on Dr Horne joining the Wellhead team. «Craig is a 20 plus year pioneer in energy storage in the roles of engineer, entrepreneur, inventor and business leader. We are delighted that Craig has joined the Wellhead team. He will contribute incredible talent, energy, and experience to our business plans. Wellhead’s business roots are in gas turbines and gas-fired projects but we believe it is important to transition to a sustainable GHG-free energy system as soon as possible. We think there will be a phase in energy projects where combining gas turbines and energy storage will be an important transitional technology. In the longer run, we see that energy storage technologies will do most of the «energy work» and gas turbines will be fueled with either renewable natural gas or hydrogen and will operate when where long duration is critical. Energy storage technologies will play an increasingly important and eventually dominant role and Craig will very effectively lead that effort at Wellhead, across the US and internationally.

ABOUT WELLHEAD

Wellhead and affiliates are a 35-year-old, privately-owned family of energy companies headquartered in Sacramento, California. Wellhead has a portfolio of over 650 MW of natural gas, combined heat and power, solar PV and energy storage projects that are either operational or in advanced stages of development. Wellhead typically carries out energy projects from beginning to end including development, engineering, construction, ownership, and operation. Wellhead is a qualified scheduling coordinator with the California Independent System Operator (CAISO) and operates a 24-hour desk that carries out scheduling coordinator, trading, and settlement functions.

Media Contact

Brian Soares, Wellhead, +1 916-447-5171 Ext: 226, bsoares@wellhead.com

Tim Foster, Wellhead, 916-447-5171 237, tfoster@wellhead.com

 

SOURCE Wellhead

Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

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Browse in-depth TOC on «Automotive Differential Market»

230 – Tables
54 – Figures
212 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 57980081

AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 57980081  

Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

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Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

MarketsandMarkets Logo

Browse in-depth TOC on «Automotive Differential Market»

230 – Tables
54 – Figures
212 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 57980081

AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 57980081  

Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Automotive Differential Market worth $23.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor,…

CHICAGO, Feb. 16, 2021 /PRNewswire/ — According to the new market research report «Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Differential Market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025.

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Browse in-depth TOC on «Automotive Differential Market»

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AWD/4WD is estimated to be the largest segment in the Automotive Differential Market

AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential during the forecast period. The AWD/4WD drive system differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their applications majorly in the premium car segment and SUVs. Improving economic conditions, increasing industrialization, and improving the living standards of the consumers around the world has increased the demand for premium segment cars and SUVs. The AWD/4WD systems consist of two differentials; front and rear and hence, demand for differentials will increase with the growing demand of AWD/4WD systems in the vehicles.

Electronically controlled limited slip differential is estimated to have the fastest growth in the Automotive Differential Market

The Electronically Controlled Limited Slip Differential (ELSD) is seeing greater adoption rate owing to its better efficiency, unlike mechanical differentials. The ELSD serves the necessity of the mechanical components with more efficiency and durability. Also, it helps in improving the overall fuel efficiency and hence, fulfills several stringent emission norms that is the major factor leading towards the adoption of such components integrated in the vehicles.

Torque vectoring differential is the second fastest growing in the Automotive Differential Market. This differential has the ability to decide what torque needs to be applied to the wheels. The vehicle maintains its traction and does not slip even at higher speeds. Torque vectoring differential can send up to 100% of the available torque to a single wheel. The advantages offered by this differential makes it the most attractive opportunity for the manufacturers and thus, the market for torque vectoring differential will grow in future and therefore, the differential market.

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Asia Oceania is estimated to be the leading market for the Automotive Differential Market

The study considers countries such as China, Japan, India, South Korea, and Thailand in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. Also, growing inclination toward all wheel and four wheel drives integrated vehicles in the Asian countries have increased the popularity of the off-road vehicles and sports cars. These vehicles are equipped with one or two differentials which ultimately increases the differential requirement per vehicle and hence, the Automotive Differential Market. According to MarketsandMarkets™ analysis and validations from primary respondents, Asia Oceania is estimated to be the largest market for small passenger cars, backed by high demand in the automotive industry. The requirement for a differential is dependent on vehicle production, thus, the passenger car differential market is expected to grow along with the production of passenger cars globally. However, the COVID-19 pandemic has affected automotive manufacturing hubs such as China and India, which has severely affected vehicle production and thereby hindered the growth of the Automotive Differential Market in 2020.

The Automotive Differential Market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the Automotive Differential Market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Air Suspension Market by Vehicle Type (LDV, Truck, Bus), Component (Air Spring, Shock Absorber, Compressor, ECU, Tank, Solenoid Valve, Height & Pressure Sensor), Technology (Electronic, Non-Electronic), Cab Suspension, Aftermarket, & Region – Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-differential-market.asp 
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-differential.asp

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SOURCE MarketsandMarkets

Frost & Sullivan Unveils the Future of User Interfaces Shaping New Consumer Experiences

Global augmented and virtual reality market is expected to reach $661.40 billion by 2025

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis, Future of User Interfaces Shaping New Consumer Experiences, finds that user interface (UI) technologies have moved beyond the concept of simply representing machines to their users to enabling sophisticated and personalized interaction. The COVID-19 pandemic has…

Global augmented and virtual reality market is expected to reach $661.40 billion by 2025

SANTA CLARA, Calif., Feb. 16, 2021 /PRNewswire/ — Frost & Sullivan’s recent analysis, Future of User Interfaces Shaping New Consumer Experiences, finds that user interface (UI) technologies have moved beyond the concept of simply representing machines to their users to enabling sophisticated and personalized interaction. The COVID-19 pandemic has accelerated their use in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global augmented/virtual reality (AR/VR) market is expected to reach $661.40 billion by 2025, at a compound annual growth rate (CAGR) of 86.3% from 2019 to 2025, driven by contactless commerce. Beyond 2030, AR and VR will merge, allowing users access to the total reality-virtuality continuum. Meanwhile, the global biometrics market revenue is forecast to reach $54.97 billion in 2025, with next-generation identification, palm vein and behavioral biometrics experiencing significant demand.

For further information on this analysis, please visit: http://frost.ly/5ag

«The need for adoption of new user interface (UI) technologies to alleviate challenges posed by the global pandemic is immediate but constrained by infrastructure issues such as a lack of 5G networks and capable devices,» said Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. «For futuristic UIs to become ubiquitous, security and privacy will be critical. Organizations must prioritize cybersecurity, business continuity plans, and risk assessments. Further, the transition to the fifth generation of wireless technology will be critical to the success of UI devices. Its ability to connect 1 million devices for every square kilometer will make 5G the backbone for UI devices and overall connected ecosystems.»

Krishnan added: «UI technologies will be an important component in the shift from the office to a virtual workplace that is mobile and more flexible, while interactive interfaces have expanded the scope of businesses to engage with their customers and build deep relationships. Technological advances in mixed reality, holographic displays, computer vision and wearables will create new application opportunities.»

New technologies will drive growth opportunities in the short term as the adoption rate for user interfaces rises and organizations realize the productivity gains created by UI technologies:

  • Biometric technologies: With vendors integrating biometric technologies with AI and machine learning, there is a strong market for high-end biometric interfaces in the public and commercial sectors. A combination of iris, vein, fingerprint, facial recognition and voiceprint interfaces for verification will offer additional security without compromising the user experience.
  • Digital twins: An estimated four out of five IoT platforms will employ digital twins over the next five years, propelling the global digital twin market to expand at a strong CAGR of 47.0% between 2019 and 2025. Retail, automotive, healthcare, manufacturing, energy and smart cities will benefit. Successful implementations will require high-speed communication networks and no service disruptions.
  • Brain-machine interface: Neural interfaces could have a significant impact on the restoration of vision and hearing, treatment of mental health disorders, and alleviating pain through electrical stimuli by focusing on the appropriate areas of the brain. In addition, the gaming community is pioneering new gaming control mechanisms based on brain signals utilizing electroencephalography (EEG) headsets.
  • AR/VR: By 2025, China is expected to lead the VR market, with investments pouring into patents, standards and products. AR, VR and robotics will merge to develop VR robots, which will have a huge impact on manufacturing, retail, security, healthcare and defense. In particular, AR/VR market revenue for manufacturing, robotics and the engineering supply chain is expected to reach $161.29 billion by 2025.

Future of User Interfaces Shaping New Consumer Experiences is the latest addition to Frost & Sullivan’s Visionary Innovation Group research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion

Future of User Interfaces Shaping New Consumer Experiences
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Contact:

Francesca Valente
Global Corporate Communications
E: Francesca.Valente@frost.com
http://ww2.frost.com

 

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SOURCE Frost & Sullivan

Tint World® Ranked #11 on Franchise Gator Top 100 List

BOCA RATON, Fla., Feb. 16, 2021 /PRNewswire/ — Franchise Gator has included Tint World® Automotive Styling Centers™ on their <a target="_blank"…

BOCA RATON, Fla., Feb. 16, 2021 /PRNewswire/ — Franchise Gator has included Tint World® Automotive Styling Centers™ on their Top 100 Franchise List for 2021. This is the eighth year that the online franchise directory has published a Top 100 ranking, which was created to help guide individuals looking to invest in a franchise opportunity.

«Tint World® has earned a position on Franchise Gator’s Top 100 list for eight years in a row because of our committed, hard-working franchisees, who are passionate about the products and services we offer,» said Charles J. Bonfiglio, CEO and president of Tint World®. «We believe in offering opportunity and value to the franchisees who join our family, and Franchise Gator is an important way for us to deliver that message.»

Tint World® is ranked as the #11 franchise on the Top 100 list. The ranking accompanies Franchise Gator’s Top Emerging Franchises and Fastest Growing Franchises list.

«Franchise Gator created the Top 100 list to help future franchise owners in finding an opportunity that was the right fit for them in experience, interest and financial capabilities,» said Eric Bell, general manager at Franchise Gator. «Many lists ranking the top franchise opportunities are populated by concepts that are too expensive for most budgets. We wanted to create a list that catered better to our audience, which is more representative of the common franchise seeker.» 

Franchise Gator, one of the leading destinations for those seeking to invest in a franchise opportunity, reviewed hundreds of franchise disclosure documents to formulate their rankings. Growth in units, turnover and financials are just a few of the items taken into consideration. The staff also takes a look at awards, the executive team and participation in the franchise community.

«Congratulations to Tint World®,» said Bell. «We are excited to present them as a top franchise investment for 2021.»

Tint World® Automotive Styling Centers™ offer sales and installation of auto accessories, mobile electronics, audio video equipment, security systems, custom wheels and tire packages, window tinting, vehicle wraps, paint protection films, detailing services, nano ceramic coatings, maintenance and repair services, and more. Tint World® is also the leading provider of residential, commercial and marine computerized window tinting and security film services with locations throughout the U.S. and abroad, with franchise opportunities available worldwide.

About Tint World®
Founded in 1982, Tint World® Automotive Styling Centers™ is America’s largest and fastest growing automotive accessories and window tinting international franchise, specializing in car and truck accessories, mobile electronics, audio video equipment, security systems, detailing services, nano ceramic coatings, custom wheel and tire packages, maintenance, and repair services.

Tint World® services include residential, commercial, and marine window tinting films, solar films, decorative films, safety, and security films. Tint World® has locations in the United States, Canada, Saudi Arabia, and the United Arab Emirates, with master franchise opportunities available worldwide. To find out more, please visit www.TintWorld.com or www.TintWorldFranchise.com.

Tint World® Contact:
Charles J. Bonfiglio, CEO
(800) 767-8468
charles.bonfiglio@tintworld.com

MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
hripley@ripleypr.com

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SOURCE Tint World