Electric Vehicle Charging Station Market Technological Innovations and Future Opportunities 2026

Global warming has become a concern for countries across the world. In the last decade most developed and developing nations have taken onus to arrest the expanding carbon footprint. One of the several measures adopted by the leading nations is to ban diesel powered cars in the next 15-20 years. As a result, car manufacturers are rolling out hybrid or electric vehicles. This has created opportunities for the global electric vehicle charging station market.

The demand in the global electric vehicle charging station has been growing consistently, and is expected to grow at a stupendous CAGR of 10.19% during the forecast period. According to a Transparency Market Research report that was published recently, the global electric vehicle charging station market will surpass US$3bn by the end of 2026.

The rapid growth in the market is augmented by the stiff competition among the key players. As the sales figures for electric vehicles climb every year, the demand for charging stations will also shoot up. Sensing immense opportunities for business, prevailing players are adopting strategies to scale up their operations, while prospective players are striving to introduce innovative products. Considering the future will be electric vehicles, market players believe it is the right time to make the best move to grow their business.

The global electric vehicle charging station market is catching pace across the world. Primarily, the demand is high from Europe as some countries have announced ban on diesel automotive. North America is also swiftly reaching towards that status as people and the governments realize the need for electric vehicles.

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Thrust from Policy Makers to Garner Demand

It is proven that most developed and developing nations contribute for a significant proportion of the overall greenhouse gas emissions. In order to cut down on individual carbon footprint, governments of leading nations have announced policies that control industrial and vehicular pollution. Many countries expect to see electric vehicles on their roads by 2030. To facilitate this, they are urging automotive manufacturers to develop sustainable electric vehicles. This is increasing demand in the global electric vehicle charging station market.

Further, policy makers are introducing attractive subsidies and benefits to those purchasing electric vehicles. This attracts customers and influences them to choose electric vehicles over diesel cars. As a result, the global electric vehicle charging station market is expected to grow at an overwhelming rate.

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Automotive Fuel Rail Market Trends, Opportunities and Forecast to 2026

According to a new market report published by Transparency Market Research “Automotive Fuel Rail Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”, the global automotive fuel rail market is expected to surpass the US$ 5 Bn mark by 2026 and expand at a CAGR of more than 2% during the forecast period.

As per the new market research report published by Transparency Market Research, the global automotive fuel rail market is expected to expand at CAGR of more than 2% during the forecast period. The market is primarily driven by the consistently increasing demand for passenger and light commercial vehicles from Asia Pacific and Latin America. Moreover, a key driver of the automotive fuel rail market is the increased demand for electric vehicles, especially for hybrid electric and plug-in hybrid electric vehicles.

The fuel rail is a key component of the automotive fuel delivery systems. Enhanced fuel efficiency, increased lifespan of the engine, and lowered pollution are prominent benefits of the common rail fuel delivery system. Common rail fuel delivery systems have been popular since their development.

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They offer several advantages such as maintenance of fuel pressure irrespective of engine speed and load and reduced peak torque required to supply the fuel by fuel pump. Consequently, common rail fuel delivery systems are able to enhance engine efficiency, engine life, and smoothen engine running. The fuel rail is an integral part of the common rail fuel injection system. Fuel rail is subjected to high pressure ranging from 200 bar to 2500 bar, at which the engine operates. The design of the fuel rail needs to be precise and accurate in order to handle such high pressure.

In case of a fuel rail, material selection is a factor of prime importance. The material must possess properties such as formability, heat conductivity, corrosion resistance, and strength. Considering all these parameters, steel is highly preferred by manufacturers. The steel segment of the automotive fuel rail market accounted for a major share of the market, in terms of revenue, in 2017. The segment is expected to expand at a CAGR more than 2% between 2018 and 2026.

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Flywheel Market SWOT Analysis by Market Segments – Applications and Types 2026

According to a new market report published by Transparency Market Research titled “Automotive Flywheel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,”the global flywheel market for vehicles is likely to expand at a CAGR of more than 4.5%.

The automotive flywheel market is growing at a consistent pace owing to incorporation of flywheels in transmission assembly of vehicles; however, the market for flywheels is anticipated to be hampered by the growing market for vehicles with automatic transmission systems. Automatic transmission systems encompass flex plate instead of flywheels which is used in vehicles for absorption of extra energy. The expanding electric vehicles market is likely to be another threat for the flywheel market due to its elimination from electric vehicles.

Rising production of vehicles globally in the past few years has boosted the flywheel market significantly. Growing industrialization and growing service sectors have extensively driven the demand for commercial vehicles. Increasing production of vehicles is another major factor driving the automotive flywheel market.

Increasing population, urbanization, and purchasing power of the population are the major factors boosting the production of vehicles. Increasing per capita income has empowered society to buy leisure items, which has led to the increasing demand for vehicles. Collective growth of passenger and commercial vehicles is likely to enhance the market for flywheels at a significant rate.

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Continuous improvement in the technology over a period of time to fulfill the rising demand in view of different factors such as safety, comfort, and aesthetics is likely to expand the market of flywheels for automotive. Thus, to enhance the comfort factor (by reducing the vibration produced within the transmission assembly), manufacturers have developed different technologies.

Competition among flywheel manufacturers is anticipated to be a key factor for the thrust of the flywheel market as manufacturers keep developing flywheels with different features to differentiate their products and match the speed, weight, and transmission requirements of automotive manufacturers. Rising penetration of semi-automatic transmission systems globally such as DCT (Dual Clutch Transmission) and AMT (Automated Manual Transmission) in passenger as well as commercial vehicles is likely to drive the flywheel market through the forecast period.

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Oil Filter Market - Global Industry Research Report and Forecast To 2026

According to a new market report published by Transparency Market Research , “Oil Filter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” is expected to reach US$ 5.3 Bn by 2026, expanding at a CAGR of 3% during the forecast period.

The global oil filter market for automotive is projected to expand at a CAGR of 3% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is expected to witness rapid rise in demand for oil filters, with the market in the region anticipated to expand at a CAGR of 3% during the forecast period.

Stringent carbon emission norms, leading to lowered carbon emission levels, are expected to propel the overall oil filter market for IC engine vehicles. China 5 standards for emissions, which are similar to Euro 5, were implemented to new vehicles sold in the country, in January 2017, for gasoline engines. These standards are applicable for diesel engines from January 2018.

China has mandated real-driving emissions testing modeled after the EU RDE regulations with a few enhancements and modifications with the implementation of these norms. In March 2014, the U.S. EPA finalized new emission standards for vehicles and fuels, commonly referred to as Tier 3 emission standards. This is anticipated to reduce both tailpipe and evaporative emissions from passenger cars, light-duty trucks, medium-duty passenger vehicles, and some heavy-duty vehicles. A well maintained and properly functional oil filter is required to cooperate with the norms mentioned above.

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Rising amount of greenhouse gases and carbon footprint has led to the development of electric vehicles, which are predicted to impact the IC engine vehicles market in the next five to seven years. The oil filter market for automotive in some regions is expanding at a moderate pace, owing to limited usage of some oil filters such as fuel filter and engine oil filter in electrical vehicles. This, in turn, is likely to impact the demand for oil filters. However, the demand for hydraulic filters and coolant filters are anticipated to rise owing to the increase in production of vehicles.

The oil filter market for automotive can be segmented based on fuel type, filter type, sales channel, vehicle type, and region. Based on fuel type, the diesel segment is likely to dominate the market by the end of the forecast period. This is primarily due to its major application in commercial vehicles. It is expected to expand at a CAGR of more than 3% and in terms of revenue, the segment is estimated to reach near to US$ 3 Bn by 2026.

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Industrial Bakery Processing Equipment Market - Business Tactics, Company Profile & Growth Forecast Till 2027

• Industrial bakery processing equipment market is primarily impacted by technological innovations as bakery processing companies are always engaged in introducing new processing techniques to produce bakery products of different shape and sizes
• Change in consumer requirements and increase in demand from processed food industry has led to the growth of industrial bakery processing equipment market

Industrial Bakery Processing Equipment Market: Dynamics

• Increase in demand for frozen bakery products is considered to be a key factor fueling the growth of the industrial bakery processing equipment market
• Rise in demand for convenience food due to changes in lifestyle and food habits has augmented the consumption of frozen bakery products such as frozen bread, frozen pizza crust, and frozen cake and pastries
• Thus, rise in consumption of frozen bakery products has led to increase in demand for industrial bakery processing equipment, thereby driving the market.

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• Improvement in manufacturing process and technological advancements is another key factor boosting the industrial bakery processing equipment market
• Integration of new and advanced technologies such as process automation, Internet of Things (IoT), and artificial intelligence (AI) has enabled food processing sector to operate more efficiently, and generate higher revenue. These technologies aid in improving productivity and reducing operational cost as well as human intervention.
• However, waste control in the processed food production line is expected to be a major challenge limiting the growth of the industrial bakery processing equipment market in the next few years. Cleaning and floor washing of bakery processing equipment generates a large amount of wastewater which contains grease and rich oil.
• In addition, yeast, flour, sugar, and oil are major components in the waste. Thus, proper cleaning of the food processing equipment is required to maintain the quality of the processed food. All these factors are expected to hamper the industrial bakery processing equipment market during the forecast period.

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Laser Measuring Instrument Market Sales and Demand Forecast

• Laser measuring instrument is a device that provides default area, real-time length, volume, length, and indirect measuring functions which can be used in any measurement process.
• Laser measuring instruments can also be connected to tablets or smartphones via Bluetooth connectivity, enabling transfer measurements onto images. Besides this, laser measuring instruments can illuminate numbers in dark areas with distinct resolution, which can work in no-light or low-light situations.
• Laser measuring instruments can scan in three modes: quick scan recording, quick scan detection, and images scan, which can scan 3-D and 2-D data visualization with cross-sectional views and top view.
• Laser measuring instruments are small handheld instruments, which are lightweight and easy to use. In addition to it, it has longer lasting batteries that provide quick, reliable and multiple measurements.
• Laser measurement instruments are used to facilitate accurate mapping of square design, parking lots, construction sites, and other countless areas in order to assess the gap between pump line and piping runs.

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• Laser measuring instruments are also used to measure heights where alternative measuring methods fail to deliver exact and accurate measurement. These instruments can also calculate volume for adequate planning of heating and ventilation systems in order to determine the surface area of floors, walls, and ceilings.

Key Drivers of Laser Measuring Instrument Market

• The global laser measuring instrument market is projected to expand in the near future, due to the growth in the global automotive industry in developed and developing countries
• Rise in need for precise measuring equipment and tools for evaluation in semiconductor industry is expected to fuel the global laser measuring instrument market
• Increase in demand for inspection of defects and cracks in underground pipes and pipe lines in oil & gas and petrochemical industries is one of the major factors estimated to drive the laser measuring instrument market over the next few years.

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Sheet Metal Fabrication Services Market Comprehensive Study Explored In New Research With Key Players

According to a new market report published by Transparency Market Research titled “Sheet Metal Fabrication Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global sheet metal fabrication services market is expected to reach US$ 4.4 Bn by 2026, expanding at a CAGR of 1.7% from 2018 to 2026. North America held the highest market share in the sheet metal fabrication services market in 2017.

The sheet metal fabrication services market is witnessing steady growth due to the increased demand from aerospace and aviation industries. Growth in the commercial airlines and defense aircrafts market will drive the sheet metal fabrication services market in the coming years. Demand for advanced technologies in the defense industry will create a favorable environment for the growth of this market in the near future.

The low-interest rates and low fuel prices were identified as key factors that are responsible for the growth of the automotive market. The outlook for the automotive industry seems promising, with sales growing substantially, without any signs of slowing down. The number of leading automotive and manufacturing industries that employ sheet metal fabrication is growing year on year.

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Rising demand for iron and steel in the automobile industry has led to the growing significance of sheet metal fabricators. Sheet metal fabrication for the automotive industry typically involves superheating metals and quenching it inside the die itself, resulting in a high-strength metal part with various desirable properties. Advanced laser technology can enable the necessary cutting and trimming of these parts, which may be a big contributor to why this method is gaining popularity.

The sheet metal fabrication services industry is growing. The market is witnessing rise in deployment of CNC machine tools as one of the primary tools to undertake several applications such as shaping and molding. Advancements such as motion control software functions, high-speed smooth tool center point, jerk control, and AI contour control have greatly reduced the cycle time, along with cost reduction per part with augmented ergonomics, thereby increasing the demand for sheet metal fabricated products.

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