Wireless Battery Monitoring System Market Trend And Growth To 2027 Shared In Latest Research

 

• A wireless battery monitoring system is a central evaluation and measuring system for batteries. The system measures voltage, temperature, and acid level of the battery cell. It also provides real-time status of the battery and detects failure if any.
• The wireless battery monitoring system consist of the main control unit, battery cell sensors, and transceivers
• The wireless battery monitoring system assures long life of the battery; protects it from damage; and helps in maintaining the battery in a required state for which it is specified

High Demand for Continuous Tracking of Batteries to Drive Global Wireless Battery Monitoring System Market

• It is important to know the status of batteries operating in critical applications. The global wireless battery monitoring system market is expected to be driven by the demand for continuous tracking of batteries in critical applications.
• In medical and health care industries, continuous battery power supply is required and thus, battery monitoring systems play an important role of keeping a track of the battery status

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Reduction in Maintenance Operations of Batteries to Drive Global Wireless Battery Monitoring System Market

• Consumers are sensitive about the maintenance cost of batteries. Manufacturers are constantly engaged in the enhancement of batteries to improve their life.
• Wireless battery monitoring systems can anticipate early failures in batteries, which can reduce the future maintenance cost
• Also, wireless battery monitoring aims at safety of the maintenance personnel
• Due to the above-mentioned benefits, the global wireless battery monitoring system market is anticipated to expand at a significant CAGR during the forecast period

North America to Lead Global Market

• In terms of region, the global wireless battery monitoring system market can be divided into: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to hold a leading share of the global wireless battery monitoring system market, followed by Europe, during the forecast period. This is attributable to high adoption of electric vehicles in the region.
• The wireless battery monitoring system market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. Middle East & Africa and South America are markets with high growth potential.

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Key Players in Global Market

Prominent players operating in the global wireless battery management system market are focusing on technological advancements and expansions to meet the rising demand for wireless battery management systems. Moreover, manufacturers are entering into partnerships for development of innovative products.

Key players operating in the global wireless battery management system market are:

• SOCOMEC Group
• Raytheon Anschutz
• ST Microelectronics
• AEG Power Solutions Group
• Storage Battery Systems, LLC
• RP-TECHNIK GMBH
• Helios Power Solutions
• Hitachi Chemical Co. Ltd.
• A&C Solutions BVBA

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HVDC Capacitor Market Trends 2020: Product, Overview and Share Forecasted to 2027

 

• HVDC stands for high-voltage direct current. The technology is used to transmit electricity over a long distance by using an overhead transmission wire.

• The HVDC technology is preferred over the HVAC technology. In HVDC systems, power flow can be controlled instantly and accurately, in terms of direction as well as power. In addition, HVDC systems offer higher efficiency and lower electric losses compared to HVAC systems.
• HVDC capacitors are designed to be used in DC supplies or electronic equipment. They are also used in applications wherein high current pulses are produced.
• Types of HVDC capacitors include aluminum electrolyte capacitors, ceramic capacitors, glass capacitors, plastic film capacitors, reconstituted mica capacitors, and tantalum wet capacitors.
• HVDC capacitors are employed in various end-use sectors such as commercial, industrial, energy & utilities, and defense.

Rise in Demand for HVDC Capacitors for Use in Power Transmission

• Based on end-use industry, the global HVDC capacitor market can be segmented into commercial, industrial, energy & utilities, and defense
• HVDC capacitors are largely used in power transmission systems, as they can control power flow instantly and precisely
• Moreover, HVDC systems have lower impact on the environment than HVAC systems, as transmission lines used in HVDC systems are less in number and they require less space for transmitting the same amount of energy.

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• Furthermore, installation of HVDC towers and transmission lines is less expensive, as a few lines are required in HVDC systems. Hence, HVDC capacitors are increasingly used in power transmission systems across the globe.

• HVDC capacitors are used in power distribution systems to decrease the possibility of short-circuit current by controlling the power flow rapidly. As a result of these advantages, the demand for HVDC capacitors for use in power transmission is increasing. This is expected to drive the global HVDC capacitor market during the forecast period.

Increase in Favorable Government Initiatives for HVDC Systems to Offer Lucrative Opportunities to Global Market

• Governments of developed countries such as the U.S., the U.K., and Germany are focusing on the upgrade and replacement of the existing power infrastructure. In addition, several countries in Europe and Asia Pacific are focusing on adoption of renewable energy sources, such as solar and wind power, which have emerged as attractive sectors for investments for organizations across the globe.

• In 2017, ABB Company, a Switzerland-based player, bagged a deal worth US$ 640 Mn to supply a long-distance power transmission link to India so as to provide electricity to over 80 million people. This is expected to propel the HVDC capacitor market in India during the forecast period.
• Thus, increase in favorable government initiatives for HVDC systems is expected to offer lucrative opportunities to the global HVDC capacitor market during the forecast period.

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Asia Pacific to Lead Global Market

• In terms of region, the global HVDC capacitor market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Asia Pacific is anticipated to dominate the global HVDC capacitor market throughout the forecast period, owing to increase in industrialization and urbanization in countries such as China and India
• The HVDC capacitor market in North America and Europe is expected to expand at a substantial rate during the forecast period. However, the market in Middle East & Africa and South America is estimated to expand at a moderate rate during the forecast period.

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UV Power Meter Market Share to Garner Significant Revenues Through 2027

 

• UV power meters or ultraviolet power meters measure ultraviolet light at specific wavelengths. Some UV power meters are also used for UV rejection measurement.
• UV power meters measure the irradiance of sources of ultraviolet light such as the sun and UV lamps
• UV power meters have spectral response over a wide ultraviolet wavelength and are capable of measuring the power independent of the spectral distribution of the light source to be measured
• UV power meter is powered by a battery and has LCD display. It is easy to read and consumes much less power, thus extending the battery life. UV power meter is available in detachable single or dual wavelength probes and has high speed serial port, which is used for data logging purposes.
• UV power meter is available in compact design with automatic sensor recognition, two-channel measurement for different spectrum of wavelengths, and large data storage capacity for recording the measurement sequence. It also features an auto-start function of measurement when minimum values are exceeded.

Handheld UV Power Meters to Drive Global UV Power Meter Market

• Manufacturers are constantly engaged in development of handheld UV power meters that are easy to carry. Handheld UV power meters have gained popularity, due to their ease of measuring the ultraviolet light intensity.
• Features such as high accuracy and measurement repeatability are also driving the demand for UV power meters 

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North America to Lead Global UV Power Meter Market

• In terms of region, the global UV power meter market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to hold significant share of the global UV power meter market during the forecast period. It is estimated to be followed by Europe due to the high demand for ultraviolet power meters in the region.
• The UV power meter market in Asia Pacific is projected to expand at a rapid pace, led by the growth in applications. The market in Middle East & Africa and South America is likely to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for the UV power meter market. 

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Key Players in Global Market

• Prominent players operating in the global market are focusing on technological developments and expansion activities to meet the rising demand for UV power meters. Key players operating in the global UV power meter market include:
• Hamamatsu Photonics K.K.
• Alpha-Cure Ltd
• Coherent Inc.
• Thorlabs Inc.
• UV-Technik International Ltd
• HOENLE AG

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Automotive Coolant Market : Leading Segments and their Growth Drivers 2020-2026

Automotive coolants are used in vehicles to prevent the overheating of vehicle parts or components. Coolants absorb heat from the heated component and dissipate it into the atmosphere through different sources. Moreover, coolants are utilized to reduce the temperature of engine parts in order to enhance their lifespan, improve the vehicle’s fuel efficiency, and lower exhaust emission. Coolants in electric vehicles are employed to maintain the temperature of the battery, as it is the heart of an electric vehicle and tends to get hot, while supplying energy to the powertrain. Automotive coolants themselves act as an anti-refrigerant, anticorrosive fluid, thus protecting the auto parts from corrosion.

Demand for automotive coolants is anticipated to increase during the forecast period owing to the extensive usage of vehicles and the consumption of automotive coolants depends on the distance travelled by the vehicle. Thus, high dependency of society on vehicles is likely to boost the automotive coolant market. Rising production of vehicles is another major factor fueling the consumption of automotive coolants at significant pace. Rising adoption of electric vehicles is possible threat to the currently used coolant into different kind, as different coolants are employed in electric vehicles in order to manage the temperature of the powertrain of an electric vehicle.

The global automotive coolant market can be segmented based on coolant type, sales channel, vehicle, and region. Based on coolant type, organic acid technology is anticipated to be a leading segment, owing to its high service life as compared to the other segments. The organic acid technology segment is anticipated to expand significantly during the forecast period.

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Based on sales channel, aftermarket segment is anticipated to be a leading segment owing to the replacement of coolant oil throughout the life of the vehicle. Automotive coolants are changed after several miles travelled by the vehicle, the distance travelled factor varies according to the type of coolant used in the vehicle.

Based on vehicle, the passenger vehicle segment is expected to hold a major share of the market owing to the high number of on-road passenger vehicles as compared to commercial vehicles. However, the commercial vehicle segment holds a significant share of the market owing to continuous application of commercial vehicles coupled with the high consumption of coolants by commercial vehicles.

In terms of region, Asia Pacific is anticipated to hold a major share of the global automotive coolant market, as the region witnesses a significantly high number of vehicles on road and is still a prominent producer among all regions. Higher number of manufacturing facilities in Asia Pacific, due to availability of the basic resources such as labor and raw materials, has boosted the automotive industry in the region. Therefore, the region is likely to hold a leading share of the global automotive coolant market, followed by Europe. Europe is a significant market, after Asia Pacific, owing to the high production coupled with high application of vehicles in the region.

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Key players operating in the global automotive coolant market include BlueStar Lubrication Technology, Exxon Mobil, Amsoil Inc., Castrol, Valvoline,Royal Dutch Shell, Chevron Corporation, and Total S.A.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Automotive Tensioner Market: Factors Helping to Maintain Strong Position Globally 2020-2027

 

• The automotive tensioner is designed to create a tension or to apply force on the engine belt. The application of force on an engine belt may be parallel to the tension in the belt in case of hydraulic tensioner or may be perpendicular in case of spring loaded chain drive tensioner.
• Automotive tensioner has been widely adopted for automobile engines since the 1980s in order to reduce the noise generated by the timing belts that are used to drive the camshafts. Moreover, the automotive tensioner is adopted to improve the durability of the belt that is used to drive the camshaft. In 1986, the first automotive tensioner was used by The Ford Motor Company in their Mercury Sable vehicle.

Key Drivers of Global Automotive Tensioner Market

• Rise in demand for light weight vehicles across the globe, in order to increase fuel-efficiency of the vehicle, is estimated to boost the automotive tensioner market. Increase in production and sale of passenger vehicles across the globe is likely to fuel the demand for automotive tensioner significantly, which in turn is projected to drive the automotive tensioner market across the globe.
• Increase in concern about global warming and other environmental issues and the development of technologies to reduce fuel consumption are expected to boost the demand for lighter and more compact automotive tensioners. Various countries have enacted rules and regulations to reduce fuel consumption and emissions. Consequently, various vehicle manufacturers have been developing low fuel consumption technologies that would help reduce CO2 emissions and create the ways to save energy. This, in turn, is likely to boost the automotive tensioner market across the globe.

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Asia Pacific and Europe to hold prominent share of automotive tensioner market

• Asia Pacific is projected to account for a significant share of the global automotive tensioner market due to an increase in vehicle production and sale across the region. Stringent rules and regulations enacted regarding emission norms in countries including India, China, and South Korea are estimated to propel the automotive tensioner market in Asia Pacific.
• Followed by Asia Pacific, Europe is projected to hold a major share of the global automotive tensioner market due to the considerable presence of automotive industries and enactment of stringent rules about vehicle emission norms in the region. Europe is also home to major original equipment manufacturers as well as Tier-1 suppliers, including Continental AG and Muhr und Bender KG who are leading key players with major research and development facilities for automotive tensioner. This, is turn, is likely to propel the automotive tensioner market in Europe.

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Key Players Operating in Global Automotive Tensioner Market

The global automotive tensioner market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive tensioner market are:

• Continental AG
• ABA Automotive
• ALT America Inc.
• C R Products Ltd
• Litens Automotive Group
• GMB Corporation
• Dayco Products LLC
• NTN Corporation
• Gates Corporation

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Automotive In-Wheel Motors Market: Verified Value and Volume Forecasts up to 2027

The global automotive in-wheel motors market is projected to witness a substantial growth during the tenure of 2019 to 2027. The growth of the market is attributed to the growth of the automotive industry where Industry 4.0 is packing up a major pace. With the growth of the industry and automation new and advanced technologies are being implemented in the vehicles. Owing to these factors the global automotive in-wheel motors market shall grow exponentially in coming years between 2019 and 2027.

Global Automotive In-Wheel Motors Market: Competitive Analysis

The global automotive in-wheel motors market is highly competitive and has a massively fragmented scenario. This landscape of the global automotive in-wheel motors market is the result of growing number of emerging players in the market across the globe. However, due to this scenario, the new players are unable to enter the global automotive in-wheel motors market during the tenure of 2019 to 2027.

In order to overcome this scenario, the new players are resorting to strategies such as partnerships, associations, affiliations, mergers, and collaborations. With the help of these strategies, the new players can accommodate essential and much required market exposure that can help them understand the dynamics of global automotive in-wheel motors market. This further help the new players to acquire sustainability in the global automotive in-wheel motors market during the tenure of 2019 to 2027.

On the other hand, the established players of global automotive in-wheel motors market are acquiring new businesses to ensure the dominance over the global automotive in-wheel motors market. The strategies allow the players to enhance and upgrade the production and development centers which further provide a competitive edge to the players in the global automotive in-wheel motors market during the tenure of 2019 to 2027.

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Global Automotive In-Wheel Motors Market: Key Drivers

Demand for Better Propulsion in Commercial Vehicles to Drive the Growth

An automotive in-wheel engine is a fundamental piece of the transmission get together and is utilized to drive the wheel of an electric vehicle, subsequently encouraging better control. Car In-Wheel engines are utilized in every single electric vehicle, including traveler vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Subsequently, developing creation of electric vehicles is the key factor expected to drive the global automotive in-wheel motors market during the projected time frame.

Developing Technological Developments to Propel the Growth

The combination of smaller inverters in-wheel engines is one of the key automotive in-wheel motors market patterns which will additionally drive the market development. Electric vehicle producers are scaling back the segments to lessen weight and increment vehicle effectiveness. In accordance with this pattern, in-wheel motors market manufacturers are building structures to fuse numerous frameworks like inverters in the in-wheel motors to improve the general productivity. They are additionally joining inverters with in-wheel motors to offer a smoothed out bundle which decreases the general space taken by inverter and engine. These advancements are relied upon to additionally help the reception of car in-wheel engines. The automotive in-wheel motors market is predicted to be powered by these components, the market will develop at a staggering rate during the estimate time frame.

Global Automotive In-Wheel Motors Market: Regional Analysis

Asia Pacific is projected to hold the largest share in the global automotive in-wheel motors market. The dominance of the region is attributed to the growing number of companies that dealing with advanced security features in the vehicles. Moreover, the demand enhanced performance of the vehicles by the end users also helps Asia Pacific to hold the lion’s share in the global automotive in-wheel motors market during the tenure of 2019 to 2027.

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Barge Transportation Market: Top Trends to Look for in 2020-2026

Barge is flat surfaced vessel that is used to transport cargo through waterways. Barges are tugged or toed by naval vessels in the water bodies. Furthermore, barges are generally utilized in water bodies such as rivers, canals, and lakes; however barge transportation is now extensively used at sea ports. Barge is a popular means for transportation adopted by large industries in order to transport their cargo.

The barge transportation market is estimated to expand at a significant pace during the forecast period due to rising import and export among countries. Barge transportation was a highly popular way of transportation until the invention of steam engines and the introduction of railways. Railway transportation hampered the barge transportation market as it was faster way of transportation; however, transportation of cargo through waterways, between different nations, coupled with high carrying capacity of barges has boosted the barge transportation market in the last few decades. Rising industrialization, globally, is likely to boost the barge transportation market during the forecast period.

The global barge transportation market can be segmented based on fleet, product, application, and region. Based on fleet, the covered barge segment is anticipated to hold a major share of the market, as popularity of the covered barge has been consistently increasing. The tank barge segment is estimated to witness significant expansion during the forecast period due to the rise in transportation of petrochemicals by barge.

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Based on the product to be transported, the dry cargo segment is likely to hold a major share of the market, as other than oil and gas industry, most products are dry product, which is attributable for the large market share held by the dry cargo segment. The dry cargo segment is anticipated to maintain its dominance during the forecast period; however, liquid and gas cargo segments are likely to expand at a significant pace during the forecast period.

In terms of application, the barge transportation market is segmented on the basis of major industries. Among all the industries, crude oil and coal industry segment is anticipated to hold a notable share of the market. It is anticipated to maintain its dominant position in the market during the forecast period due to rising industrialization, which consumes the byproduct of crude oil and coal industry as their fuel. Barge transportation has been one of the most important mode for the transportation of agricultural products, thus the agricultural segment is likely to expand at a significant growth rate during the forecast period.

In terms of region, North America is a leading market for barge transportation, followed by Asia Pacific. Barge transportation in North America is rising consistently due to a well-established network of waterways in the region including the major rivers such as Mississippi, Illinois, and Ohio. Government in the region is supporting to raise the fund for the development of the waterway transportation, thus boosting the barge transportation market.

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Key players operating in the global barge transportation market include Kirby Corporation, Ingram Marine Group, neska Container Line B.V., SEACOR, and Campbell Transportation Company, Inc. Most key players are focusing on mergers and acquisitions in order to expand their business.

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