Luxurious driving SUV GS5, widely versatile MPV GN6 launched in the Kingdom of Bahrain

MANAMA, Bahrain, Aug. 19, 2020 /PRNewswire/ — On August 18, GAC MOTOR released its two latest car models, the popular GS5 and widely versatile GN6 in the Kingdom of Bahrain. Both models come in two variants, the GS5 GE and GS5 GL, and for the GN6, the GN6 GE and GN6 GT.

<img id="prnejpg4ae0left" title="The luxurious driving SUV GS5 and widely versatile…

MANAMA, Bahrain, Aug. 19, 2020 /PRNewswire/ — On August 18, GAC MOTOR released its two latest car models, the popular GS5 and widely versatile GN6 in the Kingdom of Bahrain. Both models come in two variants, the GS5 GE and GS5 GL, and for the GN6, the GN6 GE and GN6 GT.

The luxurious driving SUV GS5 and widely versatile MPV GN6

It is worth mentioning that GAC MOTOR also launched exclusive car purchase privileges where consumers can enjoy five benefits when purchasing a car on site. This includes three years of free maintenance and seven years of warranty, free insurance, additional free car body wrap and subsequent rust removal services.

The GS5 is built for the urban modern consumers, positioned as luxurious driving SUV. It aims to bring the ultimate driving experience to Bahraini consumers through stronger power, higher quality and more cutting-edge smart technology. At the same time, with its «luxurious and impressive exterior, flexible and spacious interior, comfortable and safe travel experience», GN6 is position as a widely versatile MPV suitable for a family friendly experience.

Based on its world-class products and excellent services, GAC MOTOR has been widely loved by Bahraini consumers since its launch into the Bahrain market, achieving excellent sales growth. In recent years, the overall global development of GAC MOTOR has accelerated the launch of new cars and improvement to their product research and development. Their global expansion efforts have also been stable and progressing rapidly which is compelling to the industry. Throughout 2019, GAC MOTOR achieved global sales of 10,205 units, an increase of 97% from the previous month. At the same time, in the 2019 IQS brand ranking, it also ranked sixth in the car market. The reputation of the GAC MOTOR has shown explosive growth, which is highly recognized internationally.

Behind their amazing market performance and global market advancement, is the high quality and excellent ability of GAC MOTOR. Over the years, the GAC R&D Center has insisted on independent research and development, open innovation, and intensive cultivation. Since 2017, GAC R&D Center has carried out 128 technological innovation projects, and more than 80% of the results have been undertaken and applied, where 40% of them have been used on the products. Thanks to the application of the innovative achievements of the GAC R&D Center, GAC MOTOR’s newly launched GS5, GN6 and other models all represent the most advanced level of current technology development.

GAC MOTOR is moving internationally, not only to launch production and technology overseas but more importantly, to penetrate the hearts of local people and promote the brand image worldwide. In the future, GAC MOTOR will be using its core competitiveness of the leading industry to accurately grasp the market demand, launch more new models suitable for the Bahrain market, and continue to create a pleasant mobile life for local consumers with high-quality products and comprehensive services.

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iQOO becomes Premium Partner of BMW M Motorsport for the 2020 DTM Season

SHENZHEN, China, Aug. 19, 2020 /PRNewswire/ — vivo’s global smartphone brand iQOO can today announce it is a Premium Partner of BMW M Motorsport in the DTM (Deutsche Tourenwagen Masters). The BMW worksdriver Timo Glock, from Germany, will give his best to drive the iQOO BMW M4 DTM to victory this season and champion extreme speed and powerful performance under the new partnership.

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SHENZHEN, China, Aug. 19, 2020 /PRNewswire/ — vivo’s global smartphone brand iQOO can today announce it is a Premium Partner of BMW M Motorsport in the DTM (Deutsche Tourenwagen Masters). The BMW worksdriver Timo Glock, from Germany, will give his best to drive the iQOO BMW M4 DTM to victory this season and champion extreme speed and powerful performance under the new partnership.

iQOO becomes Premium Partner of BMW M Motorsport for the 2020 DTM Season

As a legend in DTM events, BMW M Motorsport represents the ultimate pursuit of speed, and also ultimate performance, which coincides with iQOO’s brand concept of ‘I Quest On and On’ for perfect performance and breakthrough innovation.

«The iQOO racing spirit will ignite a worldwide passion for ultra-fast technology. iQOO phones are built for consumers with a need for speed, who are naturally inclined toward superior performance. As a Premium Partner, this is a momentous opportunity for our brand. We can’t wait to demonstrate iQOO’s high performance to the world,» said Felix Feng, President of iQOO China.

«Welcome, iQOO, to the BMW DTM family,» said BMW Group Motorsport Director Jens Marquardt. «Technology and innovation are what drive us, and these are the values that also stand for iQOO. This is the perfect basis for a successful partnership. We are very happy to welcome iQOO as a new Premium Partner on board, and all the more so in the unusual and difficult times that we are currently experiencing worldwide and also in motorsport. In addition, the iQOO BMW M4 DTM looks great.»

Since the start of the DTM season on the first weekend in August, Timo Glock has already contested four races in the iQOO BMW M4 DTM at Spa-Francorchamps (BEL) and at the Lausitzring (GER). He said: «It’s great that BMW M Motorsport has managed to attract such a large and forward-thinking concern as iQOO, the high-end smartphone brand to the DTM as Premium Partner. This is a great sign for the racing series, especially in these difficult times. I am particularly happy to be back in my familiar colour of yellow from my first few years in the DTM – when you look from the front, at least. I am enjoying driving the iQOO BMW M4 DTM.»

Glock contests his eighth DTM season in 2020. In his 116 races to date, he has claimed five victories, five pole positions and 14 podium finishes.

About vivo

vivo is a leading, product-driven, global technology company, with its core business focusing on smart devices and intelligent services. vivo is committed to connecting users around the globe, through design of exciting and innovative smartphones and companion devices, as well as services which integrate technology and design thinking in unique and creative ways. Following the company core values, which include innovation, consumer orientation and benfen*, vivo has implemented a sustainable development strategy, with the vision of becoming a leading, long-lasting, world-class enterprise.

With headquarters in China, supported by a network of 9 R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Taipei, Tokyo and San Diego, vivo is focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, photography and other up-and-coming technologies. vivo has also set-up five production hubs (including brand authorized manufacturing center), across China, South- and Southeast Asia, manufacturing over 200 million smartphones each year. As of 2019, vivo has branched out its sales network across more than 30 countries and regions, and is loved by more than 350 million users worldwide.

*»Benfen» is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to build technology for good.

Please stay informed of vivo’s news at https://www.vivo.com/en/about-vivo/news 

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Automotive Software Market Size is Projected to Reach USD 18600 Million by 2025 – Valuates Reports

BANGALORE, India, Aug. 19, 2020 /PRNewswire/ — The growing demand for Automotive Software is due to a steady increase in the use of computer components to expand different vehicle technologies such as ADAS and infotainment systems. The rising automotive industry, combined with technical advances, improves the experience of diving and ensures drivers’ safety. These advantages are, in turn, expected to increase the Automotive Software Market size during the forecast period.

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BANGALORE, India, Aug. 19, 2020 /PRNewswire/ — The growing demand for Automotive Software is due to a steady increase in the use of computer components to expand different vehicle technologies such as ADAS and infotainment systems. The rising automotive industry, combined with technical advances, improves the experience of diving and ensures drivers’ safety. These advantages are, in turn, expected to increase the Automotive Software Market size during the forecast period.

Valuates Reports

In 2018, the global Automotive Software market size was USD 8660 Million, and it is expected to reach USD 18600 Million by the end of 2025, with a CAGR of 10.1% during 2019-2025.

Get Detailed Analysis of COVID-19 Impact on Automotive Software Market: https://reports.valuates.com/request/sample/QYRE-Auto-1055/Global_Automotive_Software_Market

TRENDS INFLUENCING THE AUTOMOTIVE SOFTWARE MARKET SIZE

  • The global automotive software market is expanding exponentially, and the automotive embedded computing has become a core area for advancement with the increasing popularity of connected and autonomous vehicle technology. The increasing number of advanced services offered in connected cars is increasing the growth of Automotive Software Market size. These services allow drivers, carriers, shippers, fleet operators, dealers, service stations, insurance companies, and other authorities to connect with each other in real-time through cloud platforms.
  • Strict government regulations relating to vehicle safety and collaboration between the government and automotive software developers are expected to accelerate the growth of Automotive Software market size. The rapid adoption of IoT sensors in the automotive industry and rising internet penetration will help in viewing objects and obstacles & other vehicles on the road to avoid collision and keep a safe distance by either alerting the driver or automatically applying the brake.
  • The rapid adoption of connected vehicles is expected to fuel the demand for Automotive Software Market size. Technologies such as vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) increase the use of electronic products in automotive software.
  • Because of the COVID-19 outbreak, the Automotive software market showed a significant dip in 2020, as it interrupted the market testing and development of new software technologies. Asia-Pacific is the most affected country, as China is the largest producer, and because of the pandemic, the entire manufacturing cycle has halted. The market is expected to have a short-term effect and register a high again in 2021 because of the passenger’s inclination to use high-end technology and connectivity solutions in their vehicle.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-1055/global-automotive-software

AUTOMOTIVE SOFTWARE MARKET SHARE ANALYSIS

  • Based in the region, North America has held the largest Automotive Software Market share (about 60%) during the forecast period.
  • Europe is expected to hold a significant Automotive Software Market share. The growing concern regarding vehicle & passenger safety has led to the adoption of smart transport systems in Europe.
  • Asia Pacific region is expected to witness the highest growth due to the increasing adoption of connected cars and the presence of major companies like Baidu, Alibaba, etc.
  • The vehicle management software is projected to have an Automotive Software Market share of more than 30 percent by 2025. This high market share is attributed to the growing demand and awareness to eliminate road accidents that are caused due to human errors. The vehicle management software provides self-diagnosis, fuel management, driver fatigue management, and tracking of accidents, helping passengers to keep track of vehicles.
  • During the forecast period, the autonomous driving software segment is projected to witness the highest growth at a rate of around 18%. The growth of the autonomous driving software segment is driven by the rising demand for comfortable & safe driving regulations. Automotive manufactures are rapidly implementing emerging technology, such as AI, VR, and AR, to help drivers identify objects while driving and parking.
  • The engine management system ( EMS) holds a 25 percent of Automotive market share. This growth in market share is due to the increasing need to boost vehicle performance and quality. Government authorities are making strict fuel emission regulations, which, in turn, is fueling the adoption of EMS.

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MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO

  • Dealer Management System
  • F&I Solution
  • Electronic Vehicle Registration
  • Inventory Solutions
  • Digital Marketing Solution
  • Others

MARKET SEGMENT BY APPLICATION, SPLIT INTO

  • Manufacturer Retail Store
  • Automotive Dealer
  • Automotive Repair Store
  • Auto Part Wholesaler & Agent

MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

THE KEY PLAYERS COVERED IN THIS STUDY

  • CDK Global
  • Cox Automotive
  • Reynolds and Reynolds
  • Dealertrack
  • Dominion Enterprise
  • Wipro Limited
  • Infomedia
  • TeleTech
  • Epicor
  • Auto – IT
  • MAM Software
  • Internet Brands
  • NEC
  • ARI
  • Auto/Mate
  • RouteOne
  • WHI Solutions
  • Yonyou
  • Shenzhen Lianyou
  • Kingdee
  • Qiming Information
  • Checking – On – Tech
  • Guangzhou Surpass
  • Shoujia Software
  • Others.

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SIMILAR REPORTS :

  • Automotive Dealer Management Systems (DMS) Market

The global Automotive Dealer Management Systems (DMS) market size will reach USD 5577.01 Million in 2026, from USD 3444.56 Million in 2019, with a CAGR of 6.78% during the forecast period.

Top Automotive dealer groups in Europe and North America believe in a more comprehensive approach rather than supporting a variety of separate supplementary systems. Automotive retail is shifting from a product-driven approach to a customer-centric approach, and it has become crucial for dealers to accommodate changing customer expectations. Yet dealerships are struggling to collect consumer data across various online retail platforms, ensure information is actionable, and achieve a consolidated view of consumers across all stores. OEMs are replacing conventional dealerships with virtual showrooms with Europe allowing the use of direct distribution channels.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2I1338/global-automotive-dealer-management-systems-dms

  • COVID-19 Impact on Global Automotive Retail Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-22M2453/covid-19-impact-on-global-automotive-retail-software

  • Auto Dealer Software Market

In 2018, the global Auto Dealer Software market size was 12900 Million USD, and it is expected to reach 21700 Million USD by the end of 2025, with a CAGR of 7.7% between 2019 and 2025.

The North America region took up about 44.23% of the Auto Dealer Software Market share in 2017, followed by Europe with about 29.19%. Asian countries, especially China, will witness a higher growth rate during the forecast period.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-1E986/global-auto-dealer-software-market

  • Embedded Systems in Automobile Market

The global Embedded Systems in Automobile market size is projected to reach USD 4991.2 Million by 2026, from USD 4770.1 Million in 2020.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-34T2119/global-embedded-systems-in-automobile

  • Auto Parts Inventory Management Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-33T970/global-auto-parts-inventory-management-software

  • COVID-19 Impact on Global Auto Repair Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-37Y2430/covid-19-impact-on-global-auto-repair-software

  • COVID-19 Impact on Global Automotive Marketing Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-33Q2478/covid-19-impact-on-global-automotive-marketing-software

  • COVID-19 Impact on Global Automotive Embedded Software Market

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2R334/automotive-embedded-software

ABOUT US:

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Brigade Electronics: improving safety for nighttime road construction workers

PORTLAND, Ind., Aug. 19, 2020 /PRNewswire/ — Nighttime road works and highway improvements have increased in recent years with many road construction companies now choosing to undertake improvements overnight.

<img id="prnejpg54faleft" title="Brigade Electronics: improving safety for nighttime road construction workers" border="0" alt="Brigade Electronics: improving safety for nighttime road construction workers"…

PORTLAND, Ind., Aug. 19, 2020 /PRNewswire/ — Nighttime road works and highway improvements have increased in recent years with many road construction companies now choosing to undertake improvements overnight.

Brigade Electronics: improving safety for nighttime road construction workers

While operating overnight provides clear benefits for those using the road network, minimizing disruption, and reducing diversions for commuters, there are serious implications for construction workers’ safety due to poor visibility and worker fatigue.

Construction is a hazardous occupation and road construction is ranked as one of the most dangerous occupations in the world. Research has shown that 55% of incidents occur within the work zone itself, with the majority of worker deaths and injuries involving a moving vehicle.

Blind spots on vehicles are a major contributing factor to collisions and are often the main reason construction workers are killed or injured. Poor visibility, due to working overnight, dusty worksites, and difficult weather conditions, all exacerbate this issue. Meanwhile, construction workers who are required to wear hearing protection cannot always hear a vehicle approaching.

Vehicle safety systems are helping to address this issue. While passive systems, such as mirrors and cameras, will help assist a driver to spot objects in a vehicle’s blind spot, active systems, including operator alerts and back-up alarms, ensure that drivers receive an immediate warning that an object is present and pedestrians are aware instantly that a vehicle is nearby.

Corey Heniser of Brigade Electronics INC, a global leader in vehicle safety systems, explains the importance of active systems for nighttime working.

«Work sites present a number of challenges when it comes to visibility. Not only are they dusty and dirty places to be, but when this is combined with nighttime hours or difficult weather conditions, it can become increasingly dangerous for construction workers to be spotted by those operating moving vehicles. Active safety systems are therefore crucial to assisting drivers and enhancing safety for workers operating in these conditions. This is why we always recommend that a combination of both passive and active systems, such as cameras and alarms, are fitted to vehicles for the ultimate safety solution.»

These include Brigade’s award-winning Backeye®360, which provides the driver with a complete surround view of the vehicle in real time in a single image. The system combines images from ultra-wide-angle cameras, resulting in a ‘bird’s-eye view’ of the vehicle and surrounding area in real time, meaning drivers can clearly see people and objects as they maneuver their vehicles.

Active technology like the Backsense® radar obstacle detection can detect stationary and moving objects even in the harshest of environments, including in darkness, giving the driver an audible and visible warning when objects are within a certain distance. Heavy duty radar systems, which are waterproof and smoke resistant, can even operate in high or low temperatures, and can easily be heard in noisy environments, making them ideal for construction sites.

One construction company which has benefited from installing safety technology on its vehicles is UK-based business Day Aggregates. It fitted Brigade’s Backsense® heavy duty radar sensor system onto its fleet of shovel loaders, telehandlers, and trucks.

In the last few years of recording incidents, which are split by ‘damage’ and ‘near miss’, the company has reported that this technology has been key to reducing incidents and improving safety.

Operator Darren Harfield agrees. He said:

«It [the radar] is an extra back up when looking in numerous mirrors and using reversing aids. If you’re distracted, for example because someone suddenly asks you a question on the radio, it can be trying to take in too much at one time. The radar system prevents this. There’s an in-cab display that presents different colors and beeps when anything comes within a certain distance of the vehicle, so it’s not just visual prompts, but audible alerts too.»

https://brige-electronics.com

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Implementation of New Vehicular Emission Regulations Shape Contours of Lubricant Additives Market, Valuation to Reach US$ 18 Bn by 2027: TMR

Asia Pacific is considered as the most attractive market, propelled increasingly by stringent emission regulations, North America is also a key regional market, where OEMs incorporate advanced technologies

– Advances in chemistries of lubricant additives to improve the performance and extend their life, market to clock CAGR of ~2% between 2019 and 2027

ALBANY, N.Y., Aug. 18, 2020 /PRNewswire/…

Asia Pacific is considered as the most attractive market, propelled increasingly by stringent emission regulations, North America is also a key regional market, where OEMs incorporate advanced technologies

– Advances in chemistries of lubricant additives to improve the performance and extend their life, market to clock CAGR of ~2% between 2019 and 2027

ALBANY, N.Y., Aug. 18, 2020 /PRNewswire/ — Wide spectrum of chemicals such as viscosity index (VI) improvers and antioxidants are added to base oils to formulate finished lubricants, where their role is to improve the characteristics of final products. Some of the key applications are in formulating engine oils, gear oils, automatic transmission fluids, and greases.

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Analysts at TMR project the lubricant additives market to clock CAGR of ~2% between 2019 and 2027 and reach US$ 18 Bn by the end of 2027. In 2018, the global valuation was pegged at US$ 15.72 Bn. Asia Pacific led the global landscape with market share exceeding 32% in 2018.

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Key Findings of Lubricant Additives Market Report

  • Among the various key product types, dispersants held the leading segment in 2018, with ~25% share
  • Antioxidants is the fastest growing segment in market among all during 2019 – 2027
  • Asia Pacific held the dominating share in lubricants additives market in 2018 amounting to more than 32%
  • China is an attractive market
  • Demand for high-performing lubricant additives to rise remarkably in Europe and North America

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Lubricant Additives Market: Key Driving Factors and Promising Avenues

  • Rising demand for lubricants with better chemistries is bolstering the prospects of an array of lubricant additives in the industries of automobile, marine, aviation, and power.
  • Numerous countries have announced to hasten transition to the most recent VI emission standards. The implementation of Bharat Stage VI emission standards in India this year is a glaring example.
  • The demand for new array of chemistries in lubricants in modern engines and turbines has boosted the lubricant additives market.
  • Growing number of passenger cars in developing regions of the world has spurred the demand for lubricant additives.
  • Use of viscosity index (VI) improvers for mainly improving the rheological properties of lubricants is boosting revenue generation in the lubricant additives market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/3893

Lubricant Additives Market: Regional Landscape

Asia Pacific presents huge untapped prospects to manufacturers in the lubricant additives market. The scope of the regional market is underpinned by vehicle manufacturers being serious about updated emission standards. Adoption of VI emission standards for 2021 in China is a case in point. The Middle East is also offering attractive opportunities to players in the lubricant additives market.

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Lubricant Additives Market: Competitive Landscape

The lubricant additives market is increasingly consolidated with large proportion of market shares concentrated among the top five players. They hold high bargaining power, mainly by following captive manufacturing practices. The end-user industry landscape is highly competitive, which constantly stimulates incumbent players to aim for innovations in formulations of lubricant additives.

Most players are consolidating their shares in emerging and established markets by expanding their product portfolio.

Some key players in the lubricant additives market are Tianhe Chemicals Group Limited, The Lubrizol Corporation, Chevron Oronite Company LLC, Infineum International Limited, and NewMarket Corporation.

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The Lubricant Additives Market can be segmented as follows:

Products

  • VI Improvers
  • PPD (Pour Point Depressants)
  • Detergents
  • Dispersants
  • Antioxidants
  • Other Additives

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the world (RoW)

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,

Oleate Esters Market – The global oleate esters market is projected to grow at a CAGR of nearly 5.0% between 2019 and 2027. The primary reason for the high rate of utilization of ethyl oleate in lubricants is their superior qualities such as absorbency, solvency and their resistance to low temperatures while being incorporated in any reaction. The demand for oleate esters is expected to increase in the future due to the rising awareness among the people regarding the superior properties of oleate esters and the wide range of applications that they serve.

Refrigeration Lubricants Market – Major factors driving the refrigeration lubricants market are rise in the worldwide need for health care and food supply and increase in the demand for refrigeration lubricants from the automotive industry. Key innovations, changing technologies, and R&D activities in refrigeration lubricants in the last decade were the result of environmental legislations imposed by Montreal and Kyoto protocols. All these factors also impact the selection of refrigeration lubricants. The trend toward use of natural refrigeration lubricants (such as CO2-based, ammonia-based, and hydrocarbon-based) has been growing over the last few years.

Dry Lubricants Market – The dry lubricants market can be segmented based on material type, bonding method, application, and region. In terms of material type, the dry lubricants market can be divided into graphite, boron nitride, molybdenum disulfide, soft metal solid lubricants, PTFE, and others. Based on bonding method, the dry lubricants market can be segregated into vacuum sputtering, dip application, mechanical impingement, burnishing, and spray resin bonding. Based on application, the dry lubricants market can be classified into steel industry, oil & gas, mining & mineral processing industry, water & food processing, automobile, and petrochemical industry.

Base Oil Market – The global base oil market was valued at ~US$ 34 Bn in 2019 and is anticipated to expand at a CAGR of ~2% during the forecast period. Among grades, the Group I segment accounted for a major share of the global base oil market in 2019. However, the demand for Group I base oil is likely to decline during the forecast period, owing to their replacement by Group II and Group III base oils. Group II base oils are capable of substituting Group I base oils in several industrial applications at minimal additional costs. Among applications, the automotive fluids segment held a significant share of the global base oil market in 2019. Asia Pacific is estimated to offer immense growth potential to the base oil market in the next few years.

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

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Electric Vehicle Battery Market Worth $133.46 Billion, Globally, by 2027 at 18.05% CAGR: Verified Market Research

The ongoing development of lithium-ion batteries and Growing concerns related to decreasing oil & gas resources are the factors contributing to the electric vehicle battery market growth

JERSEY CITY, N.J., Aug. 18, 2020 /PRNewswire/ — Verified Market Research recently published a report, «Electric Vehicle Battery Market by Type (Lead-Acid Battery, Lithium-ion…

The ongoing development of lithium-ion batteries and Growing concerns related to decreasing oil & gas resources are the factors contributing to the electric vehicle battery market growth

JERSEY CITY, N.J., Aug. 18, 2020 /PRNewswire/ — Verified Market Research recently published a report, «Electric Vehicle Battery Market by Type (Lead-Acid Battery, Lithium-ion Battery), by Vehicle (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle), Geography». According to Verified Market Research, the Global Electric Vehicle Battery Market was valued at USD 35.16 Billion in 2019 and is projected to reach USD 133.46 Billion by 2027, growing at a CAGR of 18.05% from 2020 to 2027.

Electric Vehicle Battery Market Analysis & Forecast, 2020-2027

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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Browse in-depth TOC on «Electric Vehicle Battery Market«

202 – Pages

126 – Tables

37 – Figures

Global Electric Vehicle Battery Market Overview

Increasing concerns regarding the harmful effects of climate change with the emission of fuel vehicles coupled with the alarming pollution level recorded in major countries have increased the demand for an electric vehicle. The rise in petrol and diesel prices due to the depletion of fossil fuel reserves has increased the demand for advanced fuel-efficient technologies driving the growth of the electric vehicle market over the forecast period. The ongoing development of lithium-ion batteries has enabled battery manufacturers to produce a high-performance battery that satisfies the need for lightweight vehicles, thereby propelling the growth of the market. With a significant rise in the demand for energy-efficient automobiles, manufacturers are governing their investments in the direction of the development of high-density lithium-ion batteries, and solid-state battery technology to achieve extended battery range and fast recharging. The increasing automotive production in developed and developing countries such as China, Japan, Germany, Mexico, South Korea, and Taiwan, expected to fuel the growth electric vehicle battery market. The increasing government investment in developing infrastructure for electric vehicles in several countries would also contribute to the market growth.

Growing concerns related to decreasing oil & gas resources and degrading environmental conditions with the use of gasoline vehicles are having a positive impact on the demand for electric-powered vehicles, further contributing to the electric vehicle battery market growth. However, the demand-supply gap of some essential raw materials and the fluctuating raw material prices are some of the factors that may hamper the growth of the market. Moreover, the government investment for the implementation of public charging infrastructure coupled with ongoing advancement in the technology of electric vehicles is likely to provide lucrative opportunities for the market to grow.

The major players in the market are Panasonic Corporation, GS Yuasa International Ltd., Hitachi, Ltd., Narada Power Source Co. Ltd., Byd company limited, and others.

Verified Market Research has segmented the Electric Vehicle Battery Market on the basis of Type, Vehicle and Geography.

  • Electric Vehicle Battery Market, by Type
    • Lead-Acid Battery
    • Lithium-ion Battery
    • Others
  • Electric Vehicle Battery Market, by Vehicle
    • Battery Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
    • Hybrid Electric Vehicle
  • Electric Vehicle Battery Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Automotive Adhesives and Sealants Market to Generate Revenue Worth $12,646.8 Million by 2030: P&S Intelligence

NEW YORK, Aug. 18, 2020 /PRNewswire/ —  According to P&S Intelligence, global automotive adhesives and sealants market is expected to generate a revenue of $12,646.8 million in 2030, increasing from $7,438.2 million in 2019, exhibiting a 7.0% CAGR during 2020–2030.

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NEW YORK, Aug. 18, 2020 /PRNewswire/ —  According to P&S Intelligence, global automotive adhesives and sealants market is expected to generate a revenue of $12,646.8 million in 2030, increasing from $7,438.2 million in 2019, exhibiting a 7.0% CAGR during 2020–2030.

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Due to excessive air pollution across the globe, the focus has shifted towards reducing carbon emissions in any way possible, owing to which, automakers are looking for solutions that can reduce the weight of vehicles, thereby increasing fuel efficiency. These days, conventional steel and iron automotive components are widely being replaced by alternatives that are lighter and offer similar kind of strength. Since such materials cannot be welded or bolted, the utilization of sealants and adhesives has risen considerably in the automotive industry.

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When type is considered, the epoxy division held the largest share of the automotive adhesives and sealants market in the past, which can be ascribed to the enhanced bonding strength of these adhesives. The demand for epoxy-based adhesives is further expected to increase in the coming years, as they aid in improving the structural integrity of automobiles. In terms of application, the body-in-white (BIW) category is projected to register the highest CAGR, in terms of value, in the years to come.

This is because of the surging consumption of high performance adhesives and sealants to decrease the weight of vehicles. Furthermore, since lightweight vehicles have enhanced fuel-efficiency, they aid in reducing operational costs for owners. On the basis of vehicle segment, the passenger cars classification is projected to account for the largest share of the automotive adhesives and sealants market in the years to come. This is owing to the increasing demand for personal passenger cars for practical purposes, primarily in developing countries.

Factors Contributing to the Growth of Market:

  • Need for reducing carbon emissions
  • Strict regulations implemented by governments regarding fuel efficiency
  • Increasing requirement for lightweight vehicles

Browse report overview with detailed TOC on «Global Automotive Adhesives and Sealants Market Research Report: By Type (Epoxy, Acrylics, Polyurethanes, Rubber, Polyvinylchloride, Silicones, Hot Melts), Application (Body In White, Under-The-Hood and Power Train, Paint Shop, Assembly), Vehicle (Passenger Cars, Light Commercial Vehicle, Heavy and Medium Commercial Vehicle) – Global Industry Analysis and Demand Forecast to 2030» @ https://www.psmarketresearch.com/market-analysis/global-automotive-adhesive-and-sealant-market

As the purchasing power in countries including India, Mexico, China, and Indonesia has risen, the sales of vehicles in these countries has grown as well. In addition to this, passenger vehicles account for approximately 70% of the total automobile production across the globe, which is driving the growth of this classification. Geographically, the automotive adhesives and sealants market is being dominated by Asia-Pacific at the present time, owing to the increasing purchasing power and enhancing infrastructure in the region.

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Other than this, Latin America is predicted to witness the fastest growth in the years to come, which is because of the establishment of vehicle plants by several major auto companies. Some of the key companies in the global automotive adhesives and sealants market are Permatex Inc., Henkel AG & Co. KGaA, The Dow Chemical Company, Bostik S.A., 3M Company, Sika AG, PPG Industries Inc., EFTEC AG, H.B. Fuller Company, and Illinois Tool Works Inc.   

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Inverters and Contactors to Generate the Highest Revenues in Global Power Electronic Market for xEVs by 2025

Infotainment systems and driver assistance technologies present growth opportunities for power electronic providers, finds Frost & Sullivan

SANTA CLARA, California, Aug. 18, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Analysis of Power Electronic Market for Electric and Hybrid Vehicles, Forecast to 2025, finds that the global power electronic market is expected to multiply by 2025 due to the rising demand for electric and hybrid vehicles…

Infotainment systems and driver assistance technologies present growth opportunities for power electronic providers, finds Frost & Sullivan

SANTA CLARA, California, Aug. 18, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Analysis of Power Electronic Market for Electric and Hybrid Vehicles, Forecast to 2025, finds that the global power electronic market is expected to multiply by 2025 due to the rising demand for electric and hybrid vehicles (xEVs). As the xEV market is expected to reach 25 million units by 2025, inverters and contactors will generate the highest revenues in the power components market over the forecast period. The inverter market is likely to garner $8.67 billion in revenue by 2025 from $2.84 billion in 2019 at an impressive compound annual growth rate (CAGR) of 24%. The contactor market is expected to generate $6.8 billion in revenue over the same timeframe with a 22.6% rise in CAGR from $2.01 billion in 2019.

For further information on this analysis, please visit:  http://frost.ly/4bd

«Due to increased battery capacity and motor power for xEVs, the demand to manage and maintain vehicle performance and safety, which is the energy management system of the vehicle, has grown,» said Anjan Hemanth Kumar, Automotive & Transportation Research Director at Frost & Sullivan. «Suppliers from Germany and China are pioneers in power electronic systems. Companies from these countries partner with original equipment manufacturers (OEMs) to develop, design, and manufacture components.»

The connector market and the high-voltage (HV) wire harness market will hit $606.9 million and $593 million by 2025 from $158.1 million and $442 million in 2019, respectively. Both component markets are predicted to register growth, with the connector market increasing at a CAGR of 25.1% and the HV wire harness market rising at a 5% CAGR.

«Infotainment systems and driver assistance technologies are the two biggest driving factors for the increased adoption of wire harnesses, contactors, connectors, and inverters,» Kumar said.

OEMs worldwide are looking at electric and hybrid vehicles as viable solutions to comply with the evolving stringent emission and fuel regulations, presenting immense growth prospects for vendors in the power electronic market space, including:

  • The inclusion of lightweight alloys (cables), SiC and GaN semiconductors for inverters and converters, and the adoption of low-cost/lightweight ceramics for contactors are emerging trends that market participants can capitalize on.
  • The use of integrated systems will reduce design complexity and help OEMs adopt modular vehicle architecture for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV).
  • OEMs’ transition to a modular architecture for xEVs to enhance power conversion, space, and cost savings. Wire harness systems will reduce the size of the 12V cables by using aluminum and copper alloys.
  • Wide-gap semiconductors for power electronic systems will be the next go-to technology for inverters and converters, whereas contractors will use inert gas sealing technology for controlled DC relays in power electronic systems.

Global Analysis of Power Electronic Market for Electric and Hybrid Vehicles, Forecast to 2025 is the latest addition to Frost & Sullivan’s Automotive & Transportation 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.

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Global Analysis of Power Electronic Market for Electric and Hybrid Vehicles, Forecast to 2025
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XCMG Builder of Xcellence to Introduce New Course Module, Highlighting Field Practice and Emergency Handling

XUZHOU, China, Aug. 18, 2020 /PRNewswire/ — In light of the impact of COVID-19 on long-distance travel, XCMG (SZ:000425) is rebranding the fifth season of its renowned Global Excellent Operator Program (the «Program») as XCMG Builder of Xcellence to integrate training resources and upgrade course structures for construction machinery operators in China, technical talents from suppliers and overseas service engineers.

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XUZHOU, China, Aug. 18, 2020 /PRNewswire/ — In light of the impact of COVID-19 on long-distance travel, XCMG (SZ:000425) is rebranding the fifth season of its renowned Global Excellent Operator Program (the «Program») as XCMG Builder of Xcellence to integrate training resources and upgrade course structures for construction machinery operators in China, technical talents from suppliers and overseas service engineers.

XCMG Builder of Xcellence to Introduce New Course Module, Highlighting Field Practice and Emergency Handling

XCMG will host online courses to include troubleshooting case studies and maintenance operations, improving the operators’ communication skills and efficiency when they encounter emergency failure problems. The new program module also increases the proportion of practical on-site operation trainings with the goal of improving the maintenance and fault handling capabilities of the operators.

The XCMG Builder of Xcellence will feature the following new course arrangements:

  • Offer practical courses such as troubleshooting, on-site practice drills and hands-on experiments;
  • Include courses on disassembly principles of the training models’ internal structure and field practice;
  • Add safety case analysis courses to improve the operators’ ability in handling emergency situations and standardize safety procedures.

The new performance assessment will be in the form of skill contest.

In addition to training operator talents in XCMG’s headquarter, XCMG Import & Export Company will also be sending technical experts to 11 countries in the second half of 2020 to conduct 14 training sessions, provide field guidance and share experience.

«The Program has accumulated a wealth of teaching and faculty resources as well as an established curriculum which can be optimized to use in future trainings for overseas service engineers and technical talents from our suppliers. This upgrade has also taken in consideration of the feedback and suggestions from the past participants of the Program to adjust the overall training content and form, further supporting the career development of the trainees and helping them to become the backbone elites of the heavy machinery industry,» explained Li Ge, Deputy Party Secretary of XCMG.

In four years, the Program, as part of XCMG’s «For Better Life» global public welfare campaign, has hosted 34 classes in 12 sessions and provided training courses for a total of 708 construction machinery operators and 47 overseas service engineers, playing an active role in the sustainable development of the industry.

For more information, please visit: http://www.xcmg.com/en-ap.

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Automotive Filters Market worth $23.6 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 17, 2020 /PRNewswire/ — According to the new market research report «Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket – Global Forecast to 2025«, published by…

CHICAGO, Aug. 17, 2020 /PRNewswire/ — According to the new market research report «Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket – Global Forecast to 2025«, published by MarketsandMarkets™, the Automotive Filters Market is estimated to grow from USD 21.4 billion in 2020 to USD 23.6 billion by 2025, at a CAGR of 2.1% during the forecast period.

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The increasing stringency of vehicle emission and fuel economy regulations are expected to drive the growth of the Automotive Filters Market.

Browse in-depth TOC on «Automotive Filters Market»
151 – Tables
59 – Figures
195 – Pages

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«Particle to be the largest segment, by material type»

Particle is estimated to be the largest segment in the Automotive Filters Market. Particle cabin filters are very cost-effective compared to activated carbon and electrostatic cabin filters and offer above-average performance. Their low cost is one of the key factors for the growth of these filters, especially in price-sensitive countries such as India and China. Particle filters have a filter barrier made of a fully synthetic non-woven fabric. Synthetic fibers are not hygroscopic and, hence, water does not cause the cabin filters to deform. Such advantages are expected to result in steady growth for particle filters market soon.

«Passenger Car to be the fastest growing market for Automotive Filters Market, by vehicle type»

Passenger vehicles account for the largest share of environmental pollution caused by vehicles. Therefore, governments in several countries have implemented stringent pollution control norms for passenger vehicles. For instance, strict vehicular emission transition norms in India, such as BS 6, will ensure better treatment and filtration of exhaust gases. This will require the installation of more efficient filters, subsequently driving the market growth for filters in the passenger car segment.

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«North America is estimated to be the largest market for automotive filters aftermarket»

In North American region, the US has a sizeable vehicle parc number. Also, US is home to leading aftermarket suppliers, such as Donaldson, ACDelco, and K&N Engineering, for automotive filters in the world. Hence, it can be inferred that the US is a matured market for automotive filters. The lack of adequate public transport and the wide geographical area of the country have compelled people to travel in their own vehicles. The average miles driven in the US is, therefore, higher as compared to other countries.

The Automotive Filters Market is dominated by global players and comprises several regional players. The key players in the Automotive Filters Market are MANN+HUMMEL (Germany), MAHLE (Germany), Donaldson (US), Sogefi (Italy), and Robert Bosch (Germany).

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Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region – Global Forecast to 2030

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