Electric Vehicle Charging Station Market Future Growth Rate And Industry Forecast By 2020-2026

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.

Public Transport to Create New Avenues

Public transport is one section of vehicle that account for huge volume of pollution. Therefore, countries are looking at introducing electric vehicles in the public transport. This will open fresh opportunities for players in the global electric vehicle charging station market. As public transport will require a large amount of fuel, they will have to be charged every night. This will fuel the demand in the global electric vehicle charging station market.

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Further, innovation is also stemming growth in the global electric vehicle charging station market. While the current demand can be met with the existing capacity of electric vehicle charging stations, companies will have to start thinking about the future to survive in the market. The need for high capacity charging stations will increase in the coming years. Hence, most players in the global electric vehicle charging station market are investing on research to develop high efficiency products.

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Automotive Testing, Inspection, and Certification Market Business Opportunities and Investment Research Report by 2030

The global automotive testing, inspection, and certification market was valued at US$ 14.69 Bn in 2018 and is estimated to reach ~US$ 29 Bn in 2027, expanding at a CAGR of ~8% from 2019 to 2027. According to the report, the automotive testing, inspection, and certification market is likely to be driven due to stringency of regulations for testing and certification by governing authorities. The rising number of road accidents supplemented by an increasing demand for automated and technologically advanced vehicles, coupled by increased import and export among countries is boosting the demand for automotive testing, inspection, and certification services.

Expansion of Testing, Inspection, and Certification Market

Increase in the number of accidents and environmental air pollution levels is prompting relevant governing/ regulatory bodies to pay more emphasis on periodic vehicle testing and inspection. Consequently, key players in this industry are likely to bag great opportunities for testing, inspection services in the next two to four years. The rise in stringency of safety regulations propels the demand for testing, inspection, and certification services, as it is important for companies operating in diverse industries, as these services ensure the maintenance of health, safety, and quality requirements of concerned products.

Increased focus of the enterprise sector on safety legislations and standards, diverse requirement of products, and standard regulations are major factors driving the market. Moreover, change in regulations for different automotive systems in various regions is anticipated to boost the market for testing, inspection and certification market such as surge in pollution level of the country has lead it to adopt more stringent emission norms which propelled the market for testing, inspection, and certification services. The Government of China is promoting eclectic vehicles in order to reduce pollution and is likely to ban cars that run on fossil fuels.

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In terms of revenue, the testing segment accounted for a prominent share of the market in 2018, followed by the inspection segment. The inspection segment accounted for a notable share of the global automotive testing, inspection, and certification market in 2018. The automotive testing, inspection, and certification market is highly fragmented, owing to the presence of several small and large players providing these services. A large number of mergers and acquisitions has been witnessed in the industry in the last few years, which turns out to be an attempt by large players to minimize their competition and enhance their geographic presence, thereby boosting revenues.

Regional Analysis of Automotive Testing, Inspection, and Certification Market

In terms of region, Europe has been the leading market, globally, owing to the presence of a large number of testing, inspection, and certification centers and high stringency of regulatory norms for vehicles. Since all the key automotive manufacturers are based in Europe, they have established their research and development centers in the region. Moreover, Germany is a key market for automotive testing, inspection and certification market among all other sub-regions of Europe. On the other hand, Asia Pacific is a prominent market for automotive inspection, testing, and certification, owing to high focus on the development of new technologies in the region. China, Japan, and countries in ASEAN are likely to play an important role in the expansion of the market in Asia Pacific.

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Competition Landscape of Testing, Inspection, and Certification Market

Key service providers operating in the automotive testing, inspection, and certification services market include SGS SA, Bureau Veritas, DEKRA, Intertek Group, TUV SUD, DNV GL, TUV Rheinland, Applus+, ALS Limited, TUV NORD GROUP, and MISTRAS Group, Inc.

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Sea Scooter Market Dynamics, Forecast, Analysis and Supply Demand 2030

The sea scooter market may gain substantial growth across the forecast period of 2020-2030. The escalating demand for sea scooters for a seamless underwater experience may invite expansive growth prospects for the sea scooter market.  Snorkelers and divers use sea scooter as it helps them to move underwater at speeds up to 9 mph.

The ubiquitous use of sea scooters in applications across personal, military, commercial, and other uses may bring considerable growth prospects for the sea scooter market. On the basis of run time, the sea scooter market can be classified into below 60 mins, 61-75 mins, 76-90 mins, and 91-120 mins. The scooters are also available in various speed ranges, such as 2 mph-3 mph, 1 mph-3.5 mph, and 6 mph-4.5 mph.

This report on the sea scooter market enlightens the stakeholders and CXOs about the recent developments and the current scenario. The changing market dynamics have been presented in the report in a detailed and precise manner so that the stakeholders can grasp every point without any difficulty and take steps accordingly.

The report also contains details about the COVID-19 impact on the sea scooter market and the vital threats that the sea scooter market may face between 2020 and 2030.

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Sea Scooter Market: Competitive Dimensions

With numerous players in the fray for obtaining a dominant position, the sea scooter market can be categorized as highly fragmented. The players in the sea scooter market are always in the pursuit of developing sea scooters with upgraded and updated technologies through intense research and development activities.

The players are also involved in expansion activities for extending their influence across new regions and cater to the increasing demand smoothly. For instance, Sea Scooter UK Ltd plus Oxygen Bicycles recently leased a 7600 sq.ft manufacturing unit.

The players also try to make the scooters affordable for catering to a broader consumer base. The inclusion of features such as underwater cameras is also bringing profitable growth opportunities for the sea scooter market. Prominent players in the sea scooter market are Dive Xtras, Inc., YAMAHA, New Hollis, Sea Doo Aqua, Apollo, SUEX, Genesis, Bonex, Sub-Gravity, and TUSA.

Sea Scooter Market: Key Trends

The popularity of underwater activities such as snorkeling, scuba diving, etc., has surged considerably over the years. This aspect may lay a red carpet of growth across the sea scooter market. Furthermore, this scooter also aids non-swimmers to discover underwater life. Sea scooters are also being used on a large scale for military and rescue operation purposes. Hence, this factor may prove to be a game-changer.

The trend of vlogs and underwater videos are also on the rise. As most sea scooters are fitted with cameras nowadays, the demand for sea scooter may increase for vlogs and underwater videos. Battery-fitted sea scooters are replacing fuel-powered scooters to enable minimum pollution underwater. Hence, these changing dynamics may serve as a golden opportunity for the sea scooter market to multiply its growth.

Sea Scooter Market: Recent Developments

The sea scooter market is always abuzz with developments. Here are some key developments in the sea scooter market.

• Geneinno recently announced a lighter and affordable S2 sea scooter
• JAMADE Germany, a sea scooter equipment company, launched the first serially 3D printed sea scooter

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Sea Scooter Market: Regional Prospects

Asia Pacific’s sea scooter market may gain immense growth and emerge as a champion across the forecast period of 2020-2030. Tourism-friendly initiatives by the governments of various countries in Asia Pacific may serve as a significant growth generator. North America may emerge as the second-largest regional growth contributor during the assessment period on the back of the increasing number of water sports events.

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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Baby Care Products Market Strategy, Applications Analysis, Demand, Revenue and Growth by Forecast 2020 to 2026

The demand within the global market for baby care products has been rising on account of the changing mothering propensities and inclinations across the world, finds Transparency Market Research (TMR). Baby care products include a wide range of generic and specialised items that can assist in grooming and raising infants. The vendors in the global market for baby care products are manufacturing unique and utility-driven products in order to attract the consumers.

Since baby care products cater to niche consumer segments, the vendors within this market are projected to rely on targeting and analytics. There is a high possibility of new vendors emerging in the global for baby care products in the years to come.

The success of market vendors in the global baby care products market largely depends on the former’s ability to manufacture innovative products. These vendors are following rigorous research and development practices in order to come up with better products. Furthermore, the leading vendors in the global for baby care products market are also banking on consumer feedback in order to understand the requirements of the market. The small and medium-sized vendors in the global baby care products market are focusing on capturing unexplored markets. Some of the key vendors in the global baby care products market are Johnson & Johnson, Unilever Plc, Kimberly-Clark, and Procter & Gamble Company.

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Transparency Market Research (TMR) finds that the global baby care products market would expand at a steady CAGR of 5.0% over the period between 2018 and 2026. Furthermore, the global baby care products market would accumulate revenues worth US$ 109.13 Bn by 2026. On the basis of geography, the market for baby care products in North America shall expand at a respectable rate in the years to come.

The demand within the global market for baby care products is projected to witness increased demand in the years to come. Several parenting workshops and seminars are conducted via online and offline channels. The vendors of baby care products tie up with the organisers of workshops in order to promote their products and services. The growing propensity of the masses to spend on grooming and raising of their kids has also led to the growth of the global baby care products market. The introduction of customized baby care products has also generated voluminous revenues within the global market.

Rising Population of Working Women to Aid Market Growth

The changing inclinations of the people have played a major role in the growth of the global baby care products market in recent times. The population of working women has rapidly increased over the past decade, and this has given a thrust to the growth of the global baby care products market. Moreover, online campaigns about better parenting, and right use of baby care products, have also played vital role in market growth. It is expected that the global baby care products market would accumulate voluminous revenues over the next decade.

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The review is based on TMR’s report titled, “Baby Care Products Market (Product Type – Baby Cosmetics and Toiletries (Baby Skin Care Products (Baby Massage Oil, Baby Lotions, Creams/Moisturizers, Talcum Powder), Baby Hair Care Products (Baby Shampoo and Conditioner, Hair Oil), Baby Bath Products( Soaps, Bubble Bath/Shower Gel), Diapers ( Cloth, Waterproof Nappy/ Disposable Diapers, Training Nappy), Others (Wipes and Fragrances)), Baby Safety and Convenience Products (Baby Car Seats, Baby Strollers), Bab Food, Baby Formula; Distribution Channel – Online Channel, Offline Channel (Supermarkets & Hypermarkets, Specialty Stores, Drug Stores, Independent Retail Stores)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.

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Digital Door Lock System Market Recent Trends, In-depth Analysis Research Report Forecast by 2024

An up to date intelligence report compiled at the headquarters of Transparency Market Research (TMR) has projected the demand in the global digital door lock system market to augment at a remarkable CAGR of 34.7% during the forecast period of 2017 to 2024. In terms of value, the digital door locking systems market is estimated to be worth US$11,230.0 mn by 2024, mounting rapidly from its evaluated valuation of US$1,481.8 mn as of 2017. Volume-wise, a demand for 258,101 units of digital door lock systems is foreseen by the end of 2024.

Besides providing figurative analysis into the lucrativeness of different segments of digital door lock system, and revealing demand-potential of important regions and countries, the report has a featured section on vendor landscape. The analyst of this business study has detected a highly competitive scenario, attributing it to the low entry barriers of the market. There is strong presence of domestic and country-wide players as the technology is now quite accessible.

These players are expected to continue eating a significant chunk of shares in the digital door locking system market in the near future. That being said, a few well-established and global companies do hold a position of moderate strength over regional and localized players, providing for a diverse portfolio and top-notch technology. The report profiles quite a few prominent companies operating in the global digital door lock system market, including Honeywell International, Inc., Siemens AG, the ASSA Abloy Group, Hitachi Ltd., Cisco Systems, Inc., and Godrej & Boyce.

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Going forward, acquisition of promising smaller players is expected to be a key strategy of the market leaders to increase their shares, as it helps them strengthen their supply chain as well as enhances their product portfolio. Pioneering advancements to leverage cloud-based and Bluetooth technologies is also anticipated to be a mode of carving a niche in the market for the financially stronger players.

On the basis of product type, the report segments the market for digital door lock system into keypad lock including magnetic stripe, electric strike, and electromechanical door, and biometrics, which has been further sub-segmented into the recognition of fingerprint, voice, face, signature, iris, and palm.

Based on end-users, the digital door locking systems market has been bifurcated into residential, commercial, industrial, and government. Geographically, North America and Europe are currently providing for the most prominent chunk of demand. However, the region of Asia Pacific is primed to generate demand at an above-average CAGR during the forecast period of 2017 to 2024.

Mushrooming SMEs Driving Demand

Growth of small and medium enterprises (SMEs) across the world, particularly in the BRICS nations, is the primary driver of the global digital door lock system market. These systems enables SMEs to allow grant controlled access to their labor force, which goes a long way towards achieving greater efficiencies. In addition to the mushrooming of SMEs in the commercial sector, the global digital door locking system market is gaining traction from government emphasis on building smart cities.

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Building and construction companies are now equipping their apartments with modern locking systems to lure newer customers. As the awareness regarding the benefits offered by these system spreads, the market is expected to prosper. On the other hand, high cost of these systems is the most prominent restraint that is holding the market from flourishing.

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Personal Protective Equipment Market Trends, Analysis, Opportunities, Share and Forecast to 2025

According to a new research study by Transparency Market Research (TMR), the increasing requirement of organizations to modify their business models in a bid to include frequently changing rules and regulations is fueling the demand for personal protective equipment across the world. The key players in the global personal protective equipment market, such as Avon Rubber, 3M Co., MSA SAFETY, Ansell Ltd., National Safety Apparel, National Safety Apparel, Kimberly-Clark Corp., Uvex Safety Group, Honeywell Safety Products, COFRA Holding AG, and Rock Fall Ltd. are working consistently to meet the demand of consumers.

Currently, these vendors are emphasizing on product innovation to strengthen their foothold in the market. Over the coming years, they are expected to involve increasingly into strategic partnerships to expand their regional boundaries, notes the market study.

As per the research report, the global market for personal protective equipment market stood at US$40.4 bn in 2016. The opportunity in this market is projected to expand at a CAGR of 7.0% over the period from 2017 to 2025 and rise to US$72.08 bn by the end of the forecast period. The manufacturing industry has surfaced as the leading end user of personal protective equipment and the scenario is anticipated to remain so over the next few years. Among products, the demand for fall protection equipment is relatively higher and researchers expect this trend to continue in the near future, states the research report.

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“The rapid industrialization is the main driving force behind the growth of the worldwide market for personal protective equipment,” says an analyst at TMR. The increasing awareness among consumers pertaining to personal safety and the substantial increase in the manufacturing and the transportation sectors are also propelling the market considerably.

On the other hand, the volatility in the raw material prices may hamper the market’s growth in the near future. However, the increasing implementation of stringent rules and regulations for work place safety by several government authorities is anticipated to support this market over the forthcoming years, states the research report.

North America to Remain on Top

The research report also offer a geographical analysis of the global market for personal protective equipment. According to it, North America emerged as the leading regional market for personal protective equipment in 2016 and acquired a share of 38%. With the extensive uptake of personal protective equipment across a number of industries in this region, the North America market for personal protective equipment is anticipated to remain on the top over the next few years, reports the research study.

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The review is based on a report by Transparency Market Research (TMR), titled “Personal Protective Equipment Market (Product Type – Eye and Face Protection, Head Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Professional Footwear, Fall Protection, and Hand Protection; Application – Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Transportation, and Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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Hand Wash Station Market Share, Price, Growth Rate by 2030

 

• A hand washing station is a portable sink which can be placed for outdoor hand cleaning. The product is also used for indoor applications.

Key Drivers of the Global Hand Wash Station Market

• Rising prevalence of H1N1 and COVID-19 is one of the key drivers of the hand wash station market. Rising consumer awareness about the importance of hand hygiene is expected to have a positive impact on the global hand wash station market.
• As per guidelines published by the World Health Organization (WHO) on April 1, 2020, every private and public commercial building should install a hand wash station for public access. This is one of the major reasons for the sales of hand wash stations at the global level.
• Huge innovations and technological advancements in the manufacturing process of hand wash stations, including foot pump sink, single sink, and multiple sink, drives the growth of the hand wash station global market.
• The commercial end-user segment is likely to expand at a higher pace in this market. Large number of corporate companies are installing hand wash stations near or inside their office premises.

Rising Investment from Government Sector to Create New Market Opportunities

• Governments of different developing countries are investing in hand wash station installation in rural and metro cities. This could create new opportunities in the market.

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High Bargaining Power of Buyers to Restrict Market Growth

• A large product range of hand wash stations are available in the market. Moreover, many small-scale manufacturers offer this product at a lower price. As a result, bargaining power of buyers is very high. This slows down the market growth for large scale manufacturers.

Asia Pacific the Dominant Market for Hand Wash Stations

• Asia Pacific accounted for the largest and fastest growing hand wash station market in 2019. North America and Europe accounted for significant share of the hand wash station market, with major players operating their global markets from these regions.
• Many small & medium companies are present in North America, Asia Pacific, and Latin America region. However, Germany and China are the hubs of hand wash station manufacturers.

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Key Players Operating in the Global Hand Wash Station Market

The global hand wash station market is fragmented in nature. Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the key players operating in the global hand wash station market are listed below:

• Acorn Engineering Company, Inc.
• CROWN VERITY INC.
• Monsam Enterprises
• PolyJohn
• Mr. John
• TEAL Patents
• Belson Outdoors
• Transplumb Water Technologies

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